Home Prices Up Year Over Year

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

According to the CoreLogic HPI, home prices nationwide, including distressed sales, increased 6.9 percent in August 2015 compared with August 2014 and 1.2 percent in August 2015 compared with July 2015.

The CoreLogic HPI Forecast indicates that home prices are projected to increase 4.3 percent on a year-over-year basis from August 2015 to August 2016 and remain unchanged month over month from August 2015 to September 2015. 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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