Home Prices Up 6.3% Year Over Year

CoreLogic recently released its CoreLogic Home Price Index (HPI) and HPI Forecast data for November 2015 which shows home prices are up both year over year and month over month.

Home prices nationwide, including distressed sales, increased 6.3 percent in November compared with a year ago and increased 0.5 percent compared with the previous month, according to the CoreLogic HPI.

The CoreLogic HPI Forecast indicates that home prices will increase 5.4 percent on a year-over-year basis from November 2015 to November 2016, and on a month-over-month basis home prices are expected to remain flat. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

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