Thursday, February 11, 2016

Idaho and Washington Home Price Appreciation the Among Highest in December

CoreLogic’s U.S. Home Price Insight Report for December 2015 reflected the continued increases in home price appreciation on a national level. Compared to November, home price appreciation increased marginally by 0.8% when including distressed sales. However, on a year-over-year basis, home price appreciation climbed by 6.3%. Dr. Frank Nothaft, CoreLogic’s Chief Economist, stated, “Nationally, home prices have been rising at a 5 to 6 percent annual rate for more than a year. However, local-market growth can vary substantially from that.”

Certainly, the local-market growth in Idaho and Washington seemed to give their home price appreciation a boost, placing them in the top 5 states in the nation. Including distressed sales, Idaho and Washington’s home price appreciation climbed year-over-year by 8.6% and 10.3%, respectively. While Montana (+4.8%) and Wyoming (+2.8%) did not make it in the top 5 states, they also saw increases in home price appreciation compared to the same time last year. Read the full report at http://bit.ly/1T7FObr.


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