Home prices up for 2nd straight month in April

CoreLogic plugging MLS data into new pending home sale price index

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U.S. home prices rose on both an annual and monthly basis for the second month in a row in April, according to a home-price index compiled by data aggregator CoreLogic.

Prices increased 1.1 percent in April compared to April 2011 and 2.2 percent compared to revised figures for March. When distressed sales — short sales and real estate owned (REO) properties — are excluded, prices jumped 1.9 percent year over year and 2.6 percent month to month.