February Marks 3 Years of Consecutive Year-Over-Year Home Price Gains

For the 36th consecutive month, national home price appreciation made year-over-year gains according to CoreLogic’s February Home Price Index Report. Including distressed sales, February home price appreciation increased by 5.6% compared to February 2014 and was 1.1% greater than January.

CoreLogic’s President and CEO, Anand Nallathambi, stated, “This is the hottest home price appreciation prior to the spring selling season in nine years. Assuming a benign interest rate environment and continued strong consumer confidence, we expect home prices to rise by an additional five percent over the next twelve months.”

Reaching a new peak for a second time this year, and the fourth time since October 2014, Wyoming’s home price appreciation increased by 8.4% on a year-over-year basis when including distressed sales. Year-over-year home price appreciation also continued to climb in Idaho (+5.1%), Montana (+5.7%), and Washington (+6.3%). Read more at http://bit.ly/1yThBJi.

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