CoreLogic’s U.S. Home Price Insight Report for December 2015 reflected the continued increases in home price appreciation on a national level. Compared to November, home price appreciation increased marginally by 0.8% when including distressed sales. However, on a year-over-year basis, home price appreciation climbed by 6.3%. Dr. Frank Nothaft, CoreLogic’s Chief Economist, stated, “Nationally, home prices have been rising at a 5 to 6 percent annual rate for more than a year. However, local-market growth can vary substantially from that.”
Certainly, the local-market growth in Idaho and Washington seemed to give their home price appreciation a boost, placing them in the top 5 states in the nation. Including distressed sales, Idaho and Washington’s home price appreciation climbed year-over-year by 8.6% and 10.3%, respectively. While Montana (+4.8%) and Wyoming (+2.8%) did not make it in the top 5 states, they also saw increases in home price appreciation compared to the same time last year. Read the full report at http://bit.ly/1T7FObr.