12 states with the hottest housing markets

Janna Herron

Home prices are increasing as the holiday season approaches, but some states are seeing larger gains than others.

U.S. home prices rose 6.3 percent in September compared to the same month a year ago, according to the latest figures from CoreLogic. Home values also increased month over month by 1.1 percent, the company found.

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"Home-equity wealth has doubled during the last five years to $13 trillion, largely because of the recovery in home prices," said Dr. Frank Nothaft, chief economist for CoreLogic. "Nationwide during the past year, the average gain in housing wealth was about $11,000 per homeowner, but with wide geographic variation."

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Overall, prices fell in only two states — Alaska and Connecticut — while a dozen states recorded price increases that outpaced the national average. Here they are:

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