Corelogic HIP up 1.1% in October

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Home prices 6.7% ahead of the same month in 2015; another 5% gain expected in 2017.

CoreLogic® (NYSE: CLGX) on Tuesday released its CoreLogic Home Price Index (HPI™) and HPI Forecast™ for October 2016 which shows home prices were up 6.7% year over year and 1.1% from September, 2016.

The CoreLogic HPI Forecast indicates that home prices will increase by 4.6% on a year-over-year basis from October 2016 to October 2017, and on a month-over-month basis home prices are expected to increase by 0.2% from October 2016 to November 2016. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

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