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Source: CoreLogic January2013[/caption] According to the latest FNC Residential Price Index (RPI)
, January's home prices continue to show steady improvement, marking it the 11th consecutive month of increasing US property values. Two proponents of this anticipated recovery are the limited housing supplies and the declining foreclosure sales. National Mortgage Professional Magazine's
recently reported that nationwide home prices (including distressed sales), have increased year after year by 9.7% in January 2013 compared to January. According to its numbers from the CoreLogic's January CoreLogic HPI report, "this change represents the biggest increase since April 2006 and the 11th consecutive monthly increase in home prices nationally." Calculating this recovery on a shorter index, home prices have increased month-to-month by 0.7% in January 2013 compared to December 2012. Following these patterns on a month-to-month basis should be a good indicator of steady recovery even in the numbers are uneven in different geographical markets.