Posted To: MND NewsWire
Once again a report on home price changes indicates that appreciation has not yet slowed . CoreLogic issued a report on its Home Price Index for December of Tuesday which indicates a pick-up in monthly increases. The index shows prices nationwide, including distressed sales, rose 0.8 percent from November to December compared to a 0.5 percent change from October to November. On an annual basis there was a 6.3 percent gain, the same as the November 2014 to November 2015 pace. "Nationally, home prices have been rising at a 5 to 6 percent annual rate for more than a year," said Dr. Frank Nothaft, chief economist for CoreLogic. "However, local-market growth can vary substantially from that. Some metropolitan areas have had double-digit appreciation, such as Denver and Naples, Florida, while others...(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/1VHagrW
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