Colorado homes increased in price far more than national average Click here to learn more about CoreLogic. In a September 1 story, CoreLogic said that national home prices rose by 6.9% from July 2014 to July 2015. At 10.5 percent, home prices in Colorado increased more during the past year than any other state. Home prices in the Colorado Springs market increased by 6.1 percent in October, compared with October 2014. On a month-over-month basis, Colorado Springs home prices, including distressed sales, increased by 0.3 percent in October this year compared with September. The information came from CoreLogic Home Price Index and data for October 2015. Nationwide, home prices, including distressed sales, increased by 6.8 percent in October compared with October 2014 and increased by 1.0 percent in October 2015 compared with September 2015, according to the CoreLogic HPI. The CoreLogic HPI forecast indicates that home prices are projected to increase by 5.2 percent on a year-over-year basis from October to October 2016, and the projected month-over-month gain is negligible (0.1 percent) this year, from October to November. 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. “Many markets have experienced a low inventory of homes for sale along with strong buyer demand, which is sustaining upward pressure on home prices. These conditions are likely to persist as we enter 2016,” said Dr. Frank Nothaft, chief economist for CoreLogic. “A year from now, as we finish out October 2016, we expect the CoreLogic national home price index appreciation to slow to 5.2 percent.” “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.”
All Seasons Blog
Colorado Springs home prices sail
Michele Free - Monday, December 7, 2015
Colorado homes increased in price far more than national average Click here to learn more about CoreLogic. In a September 1 story, CoreLogic said that national home prices rose by 6.9% from July 2014 to July 2015. At 10.5 percent, home prices in Colorado increased more during the past year than any other state. Home prices in the Colorado Springs market increased by 6.1 percent in October, compared with October 2014. On a month-over-month basis, Colorado Springs home prices, including distressed sales, increased by 0.3 percent in October this year compared with September. The information came from CoreLogic Home Price Index and data for October 2015. Nationwide, home prices, including distressed sales, increased by 6.8 percent in October compared with October 2014 and increased by 1.0 percent in October 2015 compared with September 2015, according to the CoreLogic HPI. The CoreLogic HPI forecast indicates that home prices are projected to increase by 5.2 percent on a year-over-year basis from October to October 2016, and the projected month-over-month gain is negligible (0.1 percent) this year, from October to November. 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. “Many markets have experienced a low inventory of homes for sale along with strong buyer demand, which is sustaining upward pressure on home prices. These conditions are likely to persist as we enter 2016,” said Dr. Frank Nothaft, chief economist for CoreLogic. “A year from now, as we finish out October 2016, we expect the CoreLogic national home price index appreciation to slow to 5.2 percent.” “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.”
