CoreLogic released the results of their December 2014 Home Price Index (HPI). When including distressed sales, national home price appreciation rose by 5.0% year-over-year. Compared to November, December’s home price appreciation declined by 0.1%.
When reflecting on home price appreciation throughout 2014, CoreLogic’s Deputy Chief Economist, Sam Khater, stated, “For the full year of 2014, home prices increased by 7.4 percent, down from an 11.1-percent increase in 2013. Nationally, home price growth moderated and stabilized at 5 percent the last four months of the year.” CoreLogic President and CEO, Anand Nallathambi, indicated in the December HPI that, while they anticipate home price appreciation to be slow at the beginning of 2015, CoreLogic expects first-time homebuyer demand and low inventories to add pressure to home prices in the coming months.
Including distresses sales, Idaho (+1.3%), Montana (+7.2%), Washington (+6.7%) and Wyoming (+6.1%) experienced home price increases in December compared to the same time last year. To read the full report, visit http://bit.ly/18RHZgc.