CoreLogic: Home Prices Rose 1.3% In January

Posted by Patrick Barnard on March 01, 2016 No Comments
Categories : Residential Mortgage

Home prices nationwide, including distressed sales, increased 1.3% in January compared with December 2015 and 6.9% compared with January 2015, according to CoreLogic’s Home Price Index (HPI) report.

The CoreLogic HPI Forecast indicates that home prices will increase by 5.5% on a year-over-year basis from January 2016 to January 2017 and, further, home prices will increase 0.5% on a month-over-month basis from January 2016 to February 2016.

“While the national market continues to steadily improve, the contours of the home price recovery are shifting,” says Frank Nothaft, chief economist for CoreLogic. “The northwest and Rocky Mountain states have experienced greater appreciation and account for four of the top five states for home price growth.”

“Heading into the spring buying season, home prices continue to rise across much of the country,” says Anand Nallathambi, president and CEO of CoreLogic. “With rates staying low for now and continued solid job and income growth, the spring buying season is shaping up to be a good one.”

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