Business news of local interest
Home prices in Altoona increase year-over-year
Home prices in Altoona, including distressed sales, increased by 6.2 percent in November 2016 compared with November 2015. On a month-over-month basis, home prices, including distressed sales, decreased by 0.5 percent in November.
Home prices nationwide, including distressed sales, increased year-over-year by 7.1 percent in November 2016 compared with November 2015 and increased month-over-month by 1.1 percent in November, according to the CoreLogic Home Price Index.
Rex Energy announces sale with Antero Resources Corp.
Rex Energy Corp. has entered into a purchase and sale agreement with Antero Resources Corp., under which Antero will acquire the company’s Ohio Utica assets in the Warrior South Area.
Rex Energy expects to receive net proceeds at closing of about $30 million.
Headquartered in State College, Rex Energy is an independent oil and gas exploration and production company with its core operations in the Appalachian Basin.