Home Price Appreciation Still Strong, but Slowing at Year’s End

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Posted To: MND NewsWire

CoreLogic’s Home Price Index (HPI) finished up 2017 a little lower than when the year started but showing some additional slowing from later in the year. The index in January 2017 was up 6.9 percent year-over-year, and then wobbled between 6.6 percent and 7.1 percent every month since. In December it was up 6.6 percent on an annual basis, after rising by 7.0 percent in September, October, and November. The December annual increase tied with June as the smallest of the year. The states with the largest gains for the year were all in the west , Washington prices rose by 12.0 percent, Nevada was up 11.0 percent, Utah and Idaho increased by 10.7 percent, and California’s index gained 8.2 percent. At the other end of the scale, Alaska, Connecticut, and Oklahoma all had annual increases under 2.0…(read more)

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