Home Prices Continue Upward, Defying Predictions

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Posted To: MND NewsWire

February looks as though it may be yet another month when the long-predicted end to rising rates of home appreciation was supposed to happen and didn’t. CoreLogic, the first to report on home prices for the month, says home prices nationally increased 6.7 percent from February 2017 to the same month this year compared to a 12-month change in January of 6.6 percent. Home prices nationwide, including distressed sales, were up 1.0 percent month-over-month in February. Prices were up in every state, with western states continuing to outpace most of the rest of the nation. The states with the highest increases February were: Washington (12.5%), Nevada (12.2%), Utah (11.1%) and Idaho (10.2%). Frank Nothaft, CoreLogic’s Chief Economist, said “A number of western states have had hot housing markets…(read more)

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