Home prices jump most in 2 years

By Jann Swanson | Mortgage News Daily

For the sixth consecutive month, the CoreLogic Home Price Index (HPI) increased on an annual basis by a greater degree than it had in the previous month. The HPI for November 2016 indicates that there was a 7.1 percent appreciation in home prices nationally when compared to November 2015.

The year-over-year increase in reported by CoreLogic for January 2016 was 6.9 percent. It then ticked down steadily until June and an annual gain of 5.7 percent. Since then the increases have accelerated with the change from October to November the largest to date at 0.04 percentage point.

Continued:

Related: Mortgage Rates Lowest in Weeks

Construction Picked up Pace as Year-End Neared

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January 4, 2017

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