More Equity Likely Coming to Home Owners

Spread this news: Home prices nationwide, including distressed sales, rose year over year by 7.1 percent in November 2016 compared to November 2015, CoreLogic’s Home Price Index shows.

Expect more price jumps ahead too, although at a more modest pace. Home prices likely will increase by 4.7 percent nationwide on a year-over-year basis from November 2016 to November 2017, according to CoreLogic’s forecasts. We believe our area will increase by over 6 percent.

Source: “Home Price Index Highlights: November 2016,” CoreLogic (Jan. 3, 2017)