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Report Shows Nationwide Home Prices Up 6.9 Percent Over Last Year

Mar 1, 2016 | Reprints | Unlock Link | Print

Home prices nationwide increased year over year by 6.9 percent in January 2016 and increased month over month by 1.3 percent, according to a new report from CoreLogic, a global property information and analytics firm.

The CoreLogic report also predicts that nationally, home prices will increase by 5.5 percent on a year-over-year basis from January 2016 to January 2017, and on a month-over-month basis home prices are expected to increase 0.5 percent from January 2016 to February 2016.

“Heading into the spring buying season, home prices continue to rise across much of the country,” Anand Nallathambi, CoreLogic president and CEO, said in a statement. “With rates staying low for now and continued solid job and income growth, the spring buying season is shaping up to be a good one.”

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