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01/23/2013 12:11 PM

Business Now: Austin home prices steadily on the rise

By: YNN Staff

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Austin is still ‘living the dream’ so to speak when it comes to the real estate market.

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Click here to read more about this story in the Austin Business Journal.

Austin Business Journal Editor Colin Pope said according to a new report from CoreLogic, home prices have risen 7 percent in the last year and almost 1 percent month-over-month. Those numbers exclude distressed sales, which are homes that are in foreclosure or mortgage delinquency.

However, the states with the highest price appreciation, even including distressed sales, were Delaware, Arizona, Illinois, Connecticut, New Jersey and Rhode Island.

Also, real-estate agents keep in mind the ABJ is still accepting nominations for the Central Texas Residential Real Estate Top Realtors Awards, ending March 7.