CoreLogic Estimates Large February Price Gains

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Posted To: MND NewsWire

It will be interesting to see if CoreLogic’s estimates for monthly and annual price increases for February are the strong outliers they were in January. The company’s estimates of a 1.3 percent monthly and 6.9 percent annual price growth came in 0.8 percentage points ahead of the mean for the other three major indicators on a monthly basis and 1.4 points year-over-year. CoreLogic’s number however was lower than the less formal estimate of existing home prices from the National Association of Realtors which was +8.2 percent from January 2015 to January 2016. CoreLogic’s February numbers are very much in line with those they produced for January. The company said home prices nationwide, including distressed sales rose 6.8 percent compared to February 2015 and were up 1.1 percent from January…(read more)

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