Information powerhouse CoreLogic recently released their monthly U.S. Home Price Insights (HPI) Report that shows home prices are up 7.2% in December (year over year) and up 0.8% from November 2016. In addition, CoreLogic’s HPI Forecast indicates that home prices will increase by 4.7% through December 2017, and increase monthly by 0.1%. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.
“Last year ended with a bang with home prices up over 7 percent nationally, led largely by major metro areas,” said Anand Nallathambi, president and CEO of CoreLogic. “We expect prices to continue to rise just under 5 percent in 2017 buoyed by lack of supply and continued high demand.”
Click here to read the full report on CoreLogic.com.
