CoreLogic, a leading provider of consumer, financial and property information, reported that January home prices, including distressed sales, rose 6.9 percent from January 2016 to January 2017 due in part to lean inventories of homes for sale on the market.
From December 2016 to January 2017, prices rose 0.7 percent. CoreLogic’s chief economist, Frank Nothaft, said that “Many markets have seen housing prices outpace inflation.”
Looking ahead, CoreLogic sees a 4.8 percent increase in prices from January 2017 to January 2018.
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