Home prices up 6.9 percent year over year in January 2016
Home prices increased month over month by 1.3 percent in January 2016 compared with December 2015, according to the CoreLogic HPI.
CoreLogic released its CoreLogic Home Price Index (HPI) and HPI Forecast data for January 2016.
The CoreLogic HPI Forecast indicates that home prices will increase by 5.5 percent on a year-over-year basis from January 2016 to January 2017, and on a month-over-month basis home prices are expected to increase 0.5 percent from January 2016 to February 2016.
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. ■