BUSINESS BRIEF

U.S. home prices up 11.1% in March over ’13

5/7/2014

WASHINGTON — U.S. home prices rose at a slightly slower pace in the 12 months that ended in March, a sign that weak sales have begun to restrain the housing market’s sharp price gains.

Data provider CoreLogic says prices rose 11.1 percent in March compared with March, 2013. Though a sizable increase, that was down a bit from February’s 12.2 percent year-over-year increase.

In Toledo, CoreLogic said home prices, including distressed sales, increased by 7.5 percent in March compared to March, 2013. On a month-over-month basis, home prices, including distressed sales, increased by 0.5 percent in March compared to February.

Excluding distressed sales, year-over-year prices increased by 6.3 percent in March compared to March, 2013.