CORELOGIC is a most widely respected housing data compilation company and it keeps its pulse on what’s happening in housing markets. CORELOGIC just came out with its 2015 home value statistics and offers a view of what home values are projected to look like in 2016.
For 2015, CORELOGIC’S HPI (Home Price Index) determined a year-over-year gain of 6.3 percent nationally for single family homes, including distressed sales. This covers the period from December 2014 to December 2015. For a monthly national analysis, home values rose 0.8 percent from December 2015 to January 2016.
The forecast for all of 2016 is projected to rise 5.4 percent year-over-year. Of course, “all real estate is local” is very true here. Some metropolitan areas have experienced double digit appreciation (like Denver and Naples FL) while others have seen price declines, such as New Orleans and Rochester NY.
Posted on February 27, 2016 at 11:32 pm by Debby Bright