Information powerhouse CoreLogic recently released their monthly U.S. Home Price Insights (HPI) Report that shows home prices are up 6.7% in October (year over year) and up 1.1% from September 2016. In addition, CoreLogic’s HPI Forecast indicates that home prices will increase by 4.6% through October 2017, and increase monthly by 0.2%.
“Home prices are continuing to soar across much of the U.S. led by major metro areas such as Boston, Los Angeles, Miami and Denver. Prices are being fueled by a potent cocktail of high demand, low inventories and historically low interest rates,” said Anand Nallathambi, president and CEO of CoreLogic. “Looking forward to next year, nationwide home prices are expected to climb another 5 percent in many parts of the country to levels approaching the pre-recession peak.”
1 Comment
Pingback: Home Prices Fueled by “Potent Cocktail” of High Demand – Real Estate Investor Updates