Home Price Gains Accelerated in October

Posted To: MND NewsWire

Home price appreciation, which had decelerated somewhat in September, regained momentum in October. CoreLogic's Home Price Index (HPI) dropped back to a 6.3 percent annual increase in September after rising by 6.9 percent each of the previous two months. In October it posted a 6.8 percent 12 month gain. Colorado posted the largest increase and the only one in double digits; prices there rose 10.5 percent from October 2014 to October 2015. The Pacific Northwest also fared well with appreciation in Washington of 9.6 percent and 9.4 percent in Oregon. Two states lost ground; prices in Mississippi fell 1.7 percent and were down in Louisiana by 0.2 percent. On a month-over-month basis the September HPI rose only 0.6 percent, one-half the July to August increase. From September to October the increase...(read more)

Forward this article via email:  Send a copy of this story to someone you know that may want to read it.

from Mortgage News Daily http://ift.tt/1l5cBkO