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Idaho home prices show 4th-biggest gain in nation

Idaho home prices showed the fourth-biggest gain in the nation in a national survey comparing home prices in March to those a year earlier; Idaho home prices were 14.5 percent higher. Nevada saw the largest gain at 22.2 percent; California was next at 17.2 percent, and Arizona was third at 16.8 percent. Oregon was just behind Idaho with a 14.3 percent increase.

The data, from Core Logic, a real estate data provider, showed that nationwide, home prices increased 10.5 percent, and that they've now increased for 13 straight months. Record low mortgage rates, more demand and a limited supply of homes for sale were among factors driving the increases; the number of homes for sale in March was 17 percent below that of a year earlier. Click below for a full report from the Associated Press in Washington, D.C.

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Betsy Z. Russell covers Idaho news from The Spokesman-Review's bureau in Boise.

Named best state-based political blog in Idaho for 2013 by The Fix

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