It's a new month and there's a new report out confirming what we all know: the real estate market is bananas. Or was in April, according to the latest numbers from CoreLogic, reports KPCC. The company compares national data on sales of the same house over time. While there isn't much LA-specific data in the latest release, according to these figures, home prices jumped 19.2 percent from April 2012 to 2013. That ties the city for first (with Phoenix) for metro areas with the biggest year-on-year price jump. When the Case-Shiller numbers (another home price index) for March were released last week, they showed that LA's increase was well above the national average, but sixth on their list of 20 cities. Is this just a difference of methodologies, or did our housing market get superhot compared to the rest of the country in April?
· US home prices jumped in April by most in 7 years [KPCC]
· State O' The Market Archives [Curbed LA]