1st Home Price Report for Sep: Another Vote For Appreciation Over 6%

Posted To: MND NewsWire

The first of the September home price indices came out on Tuesday, and the CoreLogic Home Price Index (HPI) showed price gains, while not slowing, are demonstrating a lot of stability . CoreLogic's HPI is based on nationwide prices including those for distressed sales. The HPI increased from its August level by 1.1 percent, marking the fourth consecutive month with this same rate of appreciation. On a year-over-year basis the index rose 6.3 percent compared to an increase of 6.2 percent from August 2015 to August 2016. It was the largest annual increase since March when prices rose 6.7 percent. Once again the greatest state level gains were in Washington (10.3 percent) and Oregon (10.1 percent). The two have been swapping first and second place for months. Colorado, also a perennial in the...(read more)

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