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CoreLogic Sees Prices Rising Faster Than Peers

Tuesday, January 5, 2016

Lots of flex in the estimates of home price increases as we reach the end of the year.  Last week Case-Shiller put the number (as of October) at 5.2 percent for its national index and the week before the Federal Housing Finance Agency said, for the same month, the gain was 6.1 percent. A third major index, one provided by Black Knight Financial Services, was released on Monday.  It put the annual increase, again for October at 5.5 percent.

The largest price increase estimates came from CoreLogic on Tuesday.  The Home Price Index, which we understand is the one most used by the government in its various research functions, covered November and showed home prices up for the previous 12 month's period by 6.3 percent.  On a month over month basis the CoreLogic HPI rose 0.5 percent.

 

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