CoreLogic HPI: Texas High in 2014 Home Price AppreciationCoreLogic HPI: Texas High in 2014 Home Price Appreciationhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=103702015-02-05T15:37:00Z2015-02-06T00:00:00Z

IRVINE, Calif. (CoreLogic) – Texas was one of five states that had the highest home price appreciation between December 2013 and December 2014, according to CoreLogic's latest Home Price Index, which was released this week.

Including distressed sales, Texas home prices appreciated 7.8 percent, second to Colorado. Excluding distressed sales, Texas was fourth at 7.1 percent.

Nationally, home prices (excluding distressed sales) increased 4.9 percent in December 2014 compared with December 2013 and increased 0.1 percent month over month compared with November 2014.

"After decelerating for most of the year, home price growth has been holding firm between a 5 percent and 6 percent growth rate for the last four months," said Sam Khater, deputy chief economist at CoreLogic. "However, pockets of weakness are clear in Baltimore and Washington D.C., and three of the top four states with the highest price appreciation are energy intensive and had been benefiting from the energy boom which is currently receding as oil prices trend downward. These states — Texas, Colorado and North Dakota — may see some downward pressure on prices in 2015."

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