HousingWire tells MHProNews that the most recent CoreLogic home price index spiked 10.5 percent nationally, the 13th consecutive monthly increase in home prices nationally. “For the first time since March 2006, both the overall index and the index that excludes distressed sales are above 10 percent year over year,” said Dr. Mark Fleming, chief economist for CoreLogic. “The pace of appreciation has been accelerating throughout 2012 and so far in 2013 leading into the home buying season,” he adds. Paul Diggle, of Capital Economics, says there is no housing bubble on the horizon. However, “Price gains which are well above twice the pace of income or rental growth are not sustainable in the long-run.” Nevertheless, he expects home prices to continue rising.

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