Sept. 2014: Home Price Index National Overview
According to Corelogic’s National Snapshot of Changes in home prices, all states show appreciation in the month of September. National home prices are expected to increase by 5.0% between September 2014 and September 2015. The home prices including distressed sales have increased to 5.6% in September 2014 when compared with September 2013. September marked the 31st consecutive months of year-over-year home price growth.
Overview on a month-to-month basis, home prices including distressed sales decreased by 0.1% in September when compared with August 2014. When excluding distressed sales, home prices increased up to 0.1%. Anand Nallathambi, President and CEO of CoreLogic notes, “Home prices continue to rise compared with this time last year but the rate of growth is clearly slowing as we exit 2014. With more positive macro-economic trends emerging in the U.S., we are forecasting moderate price growth for 2015.”
Jessica Lucas
