Home prices up for 2nd straight month in April

CoreLogic plugging MLS data into new pending home sale price index

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.