Home prices continue to rise well beyond expectations, taking their biggest jump in April since February of 2006, when housing was booming.
Prices nationally increased 12.1 percent in April from a year ago, according to the latest reading from CoreLogic, a real estate data and analysis provider. This includes prices of distressed homes. On a month-over-month basis, prices rose 3.2 percent.
Even without distressed sales in the mixed, either short sales or foreclosures, home prices rose 11.9 percent. Prices nationally, including distressed sales, are still down over 22 percent from their peak in April of 2006.