Business

Home prices up across Florida

Florida home prices in April rose 5.5 percent from a year earlier, marking the third-biggest increase in the nation behind Arizona and the District of Columbia, according to CoreLogic.

Home prices nationwide, including distressed sales, rose 1.1 percent year-over-year in April, showing two consecutive months of gains for the first time since June 2010, CoreLogic said.

April prices were up 8.8 percent in Arizona and 6.4 percent in Washington, D.C. compared with a year earlier.

The state showing the biggest year-over-year decline was Delaware, down 11.9 percent from April 2011, followed by Illinois, where prices were off 6.8 percent from last year.

Florida prices have declined 46.5 percent from their peak levels, compared with a national decline of 31.7 percent. That is the second-biggest decline behind Nevada, which is down 58.9 percent, CoreLogic said.

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