Monday, February 22, 2016 / by Vanessa Saunders
CoreLogic is the most widely respected housing data compilation company and it keeps its pulse on what's going on in the housing market. CoreLogic just came out with its 2015 home value stats and forecast of what home values will look like for all of 2016.
For all of 2015, the CoreLogic HPI (Home Price Index) found a year-over-year gain of 6.3 percent nationally for single family homes, including distressed sales. This data covers December 2014 to December 2015. In a monthly national analysis, home values rose 0.8 percent from December 2015 to January 2016.
The forecast for all of 2016 is to see home values rise 5.4 percent year-over-year.
The adage "all real estate Is local" is relevant here. "Some metropolitan areas have had double-digit appreciation, such as Denver and Naples, Florida, while others have had price declines, like New Orleans and Rochester, New York," said Dr. Frank Nothaft, Chief Economist for CoreLogic.
Please ask your local real estate professional for specific data on your location and type of home. To download the entire report click HERE.