Home prices increase year-over-year in April

Home prices, including distressed sales, rose 2.2 percent in April on a month-over-month basis, marking the second consecutive month-over-month increase this year, according to a report by CoreLogic.

Excluding distressed sales, prices increased 2.6 percent compared with March. The CoreLogic Home Price Index (HPI) also shows that year-over-year prices, excluding distressed sales, rose 1.9 percent in April compared with the prior year. Distressed sales include short sales and real estate owned (REO) transactions.