Price Gains Cool in December, but Over 7% Annually

Posted To: MND NewsWire

The year ended with home price increases, as measured by CoreLogic's Home Price Index (HPI) dropping below 1 percent on a month-over-month basis for the first time all year. The index, which had averaged 1.3 percent gains over the previous 11 months and had risen by 1.1 percent every month from June through November, slowed to 0.8 percent in December. On a year-over-year basis however, prices continued to rise. The December 2016 HPI was up 7.2 percent compared to the previous December. The gain over the 12-month period ending in November was 7.1 percent. Among the states, Washington and Oregon once again saw prices grow the most rapidly , up 10.8 percent and 0.3 percent respectively. Colorado was bumped out of its long-term third place standing, despite an annual increase of 8.9 percent, by...(read more)

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