Hawaii Saw Second Highest Home-price Appreciation in Nation

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More signs of Hawaii’s economic recovery here? A California based real estate research firm pegged the Aloha State as having the second highest home price appreciation in the country for the month of October. Excerpts from a report in Pacific Business News: 

Hawaii had the second-highest home appreciation in the nation in October, according to the real estate research firmCoreLogic, which said that home prices nationwide rose 6.3 percent compared to October 2011. …

Home prices in Hawaii were 13.2 percent higher in October, when distressed sales were included, compared to October 2011, which was second to Arizona, which had price appreciation of 21.3 percent in October. Prices rose 7.9 percent in October on Oahu, where the median price rose to $625,000 from $579,000 in October 2011, according to the Honolulu Board of Realtors.

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