Information powerhouse CoreLogic recently released their monthly U.S. Home Price Insights Report that shows home prices are up 6.2% in August (year over year) and up 1.1% from July 2016. In addition, CoreLogic’s HPI Forecast indicates that home prices will increase by 5.3% through August 2017, and increase monthly by 0.4%.
“Home prices are now just 6 percent below the nominal peak reached in April 2006,” said Dr. Frank Nothaft, chief economist for CoreLogic. “With prices forecasted to increase by 5 percent over the next year, prices will be back to their peak level in 2017.”
