Home prices nationwide, including distressed sales, increased by 7.4 percent in November 2012 compared to November 2011, according to CoreLogic, a leading provider of information, analytic and business services released its November report recently.

"We've seen 1.4 million borrowers regain equity and that's through the third quarter," CoreLogic economist Mollie Basil said. "We saw an increase in nondistressed sales in 2012. That's the first increase we've seen in those nondistressed sales since 2005. It was a great year for the housing market and we should see that continue into 2013."

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