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West Leads Nation with Double Digit Price Increases
Tuesday, February 2, 2016
Once again a report on home price changes indicates that appreciation
has not yet slowed. CoreLogic issued a
report on its Home Price Index for December of Tuesday which indicates a
pick-up in monthly increases.
The index shows prices nationwide, including distressed
sales, rose 0.8 percent from November to December compared to a 0.5 percent
change from October to November. On an annual basis there was a 6.3 percent
gain, the same as the November 2014 to November 2015 pace.
"Nationally, home prices have been
rising at a 5 to 6 percent annual rate for more than a year," said Dr.
Frank Nothaft, chief economist for CoreLogic.
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