Home Price Index Marks 6.8% YOY Increase, CoreLogic

Irvine, CA, December 2, 2015— The CoreLogic Home Price Index and HPI Forecast data for October 2015 shows that home prices nationwide, including distressed sales, increased by 6.8% in October 2015 compared with October 2014 and increased by 1.0% in October 2015 compared with September 2015.

The CoreLogic HPI Forecast indicates that home prices are projected to increase by 5.2% on a year-over-year basis from October 2015 to October 2016, and the projected month-over-month gain is negligible (0.1%) from October 2015 to November 2015.

“The rise in home prices over the past few years has largely been a healthy trend. The shadow inventory has been reduced significantly and home equity levels are now approaching pre-recession levels,” said Anand Nallathambi, president and CEO of CoreLogic. “As we move forward, the rise in home prices will need to be better correlated to family income trends over time to avoid homes becoming unaffordable for many. This is especially true in several metropolitan areas where home prices have grown rapidly.”