CoreLogic: Home Prices Up 6.7 Percent

May 03, 2016

Home prices experienced a 6.7 percent year-over-year spike in March, according to new data from CoreLogic. On a monthly measurement, home prices upticked 2.1 percent from February to March.

Among the states, Washington had the strongest year-over-year home price appreciation in March, with a 13 percent gain, followed by Colorado and Oregon at 10 percent each. The Denver area saw the largest metro market price appreciation with a 10.9 percent increase, followed by San Francisco with a 9.3 percent increase.

CoreLogic is also forecasting a 5.3 percent on a year-over-year jump in home prices from March 2016 to March 2017, as well as a 0.7 percent bump up from March to April.

"Housing helped keep U.S. economic growth afloat in the first quarter of 2016 as residential investment recorded its strongest gain since the end of 2012," said Frank Nothaft, chief economist for CoreLogic. "Low interest rates and increased home building suggest that housing will continue to be a growth driver."

About the author

Phil Hall

Link copied

Published

May 03, 2016

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

Analysis and Data

Existing Home Sales Decline By 4.3% In March

Northeast the only region to see an uptick in sales over prior month, per a new report from the National Association of Realtors

Fewer people bought homes this March than the month before and during March 2023, a new report from the National Association of Realtors (NAR) reveals. Total existing-home sales receded 4.3% from February to a seasonally adjusted annual rate of 4.19 million in March. Year...