Including distressed sales, Wyoming’s home price appreciation peaked for the second time this year and the fourth time since October 2014. According to CoreLogic’s March Home Price Index report, Wyoming’s home price appreciation increased by 4.3% compared to the same time last year. Idaho (+6.5%), Montana (+4.8%), and Washington (+7.0%) also saw increases in home price appreciation on a 12-month basis.
Nationally, home price appreciation rose by 5.9% compared to March 2014 and was 2.0% higher than the previous month. CoreLogic indicated that year-over-year home price gains have been reached for 37 consecutive months.
CoreLogic’s President and CEO, Anand Nallathambi, attributed the continued increases in home price appreciation to job growth, limited inventory, and pent up demand. He stated, “All signs are pointing toward continued price appreciation throughout 2015. In fact, the strong month-over-month gain in March may be a harbinger of accelerating price appreciation as we enter the spring selling season.” Read more at http://bit.ly/1Ju2wna.