Corelogic has released their Home Price Index and HPI Forecast for March 2016 showing that home prices are up 6.7%, year over year (which includes distressed sales) as well as increasing 2.1% month over month. In addition, CoreLogic’s HPI Forecast predicts that home prices will increase by 5.3% on a year-over-year basis from March 2016 to March 2017, and on a month-over-month basis by 0.7%.
“Home prices continue to rise across the U.S. with every state posting year-over-year gains during the last 12 months,” said Anand Nallathambi, president and CEO of CoreLogic. “Improved economic conditions and tight inventories continue to drive exceptionally strong gains in many markets, especially for homes priced below $500,000.”
