Home Price Appreciation Moves Back Toward 7% – CoreLogic

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Posted To: MND NewsWire

Home prices posted strong increases again in August. CoreLogic’s Home Price Index was up 0.9 percent on a month-over-month basis, the same gain it posted from June to July. However, on an annual basis appreciation increased from 6.7 percent in July to 6.9 percent. It was the largest year-over-year gain since a 7.1 percent increase posted in March. Only one state failed to post an annual increase in August. Prices declined by 1.7 percent in West Virginia. Four other states, Delaware, Alaska, Wyoming, and Connecticut had year-over-year gains of 2.0 percent or less. At the other end of the scale, prices in Washington continue to explode, up 13.0 percent from August 2016, and Utah also posted a double-digit gain of 11.2 percent. Prices in both Michigan and Idaho rose 8.7 percent and in Colorado…(read more)

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