econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 03 March 2015

January 2015 CoreLogic Home Prices Year-over-Year Growth Rate Accelerates to 5.7%

Econintersect: CoreLogic's Home Price Index (HPI) shows that home prices in the USA are up 5.7% year-over-year year-over-year (reported up 1.1% month-over-month). There is considerable backward revision in this index which makes monthly reporting problematic. CoreLogic HPI is used in the Federal Reserves's Flow of Funds to calculate the values of residential real estate.

This is the 35th consecutive month of year-over-year increase. Dr. Frank Nothaft, chief economist at CoreLogic stated:

House price appreciation has generally been stronger in the western half of the nation and weakest in the mid-Atlantic and northeast states," said Dr. Frank Nothaft, chief economist at CoreLogic. "In part, these trends reflect the strength of regional economies. Colorado and Texas have had stronger job creation and have seen 8 to 9 percent price gains over the past 12 months in our combined indexes. In contrast, values were flat or down in Connecticut, Delaware and Maryland in our overall index, including distressed sales.

z corelogic2.PNG

Anand Nallathambi, president and CEO of CoreLogic stated:

We continue to see a strong and progressive uptick in home prices as we enter 2015. We project home prices will continue to rise throughout the year and into 2016. A dearth of supply in many parts of the country is a big factor driving up prices. Many homeowners have taken advantage of low rates to refinance their homes, and until we see sustained increases in income levels and employment they could be hunkered down so supplies may remain tight. Demand has picked up as low mortgage rates and the cut in the FHA annual insurance premium reduce monthly payments for prospective homebuyers.

z corelogic3.PNG

Comparison of Home Price Indices - Case-Shiller 3 Month Average (blue line, left axis), CoreLogic (green line, left axis) and National Association of Realtors (red line, right axis)

z existing3.PNG

The way to understand the dynamics of home prices is to watch the direction of the rate of change - and not necessarily whether the prices are getting better or worse. Home prices are improving - and the rate of growth is now marginally improving after almost a year of declining growth rate.

Year-over-Year Price Change Home Price Indices - Case-Shiller 3 Month Average (blue bar), CoreLogic (yellow bar) and National Association of Realtors (red bar)

z existing5.PNG

Steven Hansen

Source: CoreLogic



>>>>> Scroll down to view and make comments <<<<<<



Permanent link to most recent post on this topic

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.







Econintersect Economic Releases


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Is Free Trade Harming the Economy?
Bank of England Endorses Post-Keynesian Endogenous Money Theory
News Blog
Investor Bulletin: Savings And Investing Basics For Military Personnel
Does Growing Mismeasurement Explain Disappointing Growth?
Why Does Economic Growth Keep Slowing Down?
Houses As ATMs No Longer - Part Three Of Five
Infographic Of The Day: What It's Like To Live On Minimum Wage
Early Headlines: Asia Stocks Up, Dollar, Oil Up, Gold Down, Investors Bet Higher Oil, Kraft-Unilever Deal Off, French Election Turmoil, Trump Worries Germans More Than Putin, Japan Imports Surge And More
Most Read Articles Last Week Ending 18 February
Living Through The Greek Crisis: An Anthropologist Reports From Thessaly
ITunes Still Popular Among U.S. Music Lovers
President Trump, You Need A Lesson In Autism - Here It Is
Defense Budgets Are Surging In The Baltic States
What We Read Today 19 February 2017
Half Of Small Businesses Say Regulations Are A Problem
Investing Blog
Bulls Keep Running, But . . .
The Week Ahead: Trump And The Business Cycle
Opinion Blog
Charity Is Not How We Solve Poverty
At A Turning Point In US History, Shepard Smith Denounces Trump
Precious Metals Blog
The Best Gold Stock To Buy Right Now
Live Markets
17Feb2017 Market Close: US Markets Close In The Green Surprising The Bearish Analysts, Monday Markets Will Be Closed For Presidents Day Holiday
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved