Tuesday, October 10, 2017

CoreLogic: House Prices up 6.9% Year-over-year in August

by Bill McBride on 10/10/2017 10:00:00 AM

Notes: This CoreLogic House Price Index report is for August. The recent Case-Shiller index release was for July. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA).

From CoreLogic: CoreLogic US Home Price Report Shows Prices Up 6.9 Percent in August 2017

August National Home Prices Home prices nationwide, including distressed sales, increased year over year by 6.9 percent in August 2017 compared with August 2016 and increased month over month by 0.9 percent in August 2017 compared with July 2017. ...The CoreLogic HPI Forecast indicates that home prices will increase by 4.7 percent on a year-over-year basis from August 2017 to August 2018, and on a month-over-month basis home prices are expected to increase by 0.1 percent from August 2017 to September 2017.
emphasis added
CR Note: The YoY increase has been in the 5% to 7% range for the last couple of years.

The year-over-year comparison has been positive for over five consecutive years since turning positive year-over-year in February 2012.