CoreLogic Reports December 2014 Home Price Index

February 03, 2015, Irvine, Calif. –

  • Home Prices Up 5 Percent Year Over Year for December 2014
  • Home Prices Expected to Be Flat Month Over Month in January 2015

 

CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled services provider, today released its December 2014 CoreLogic Home Price Index (HPI®) which shows that home prices nationwide, including distressed sales, increased 5 percent in December 2014 compared to December 2013. This change represents 34 months of consecutive year-over-year increases in home prices nationally. On a month-over-month basis, home prices nationwide, including distressed sales, fell by 0.1 percent in December 2014 compared to November 2014.*

Twenty-seven states and the District of Columbia are at or within 10 percent of their peak. Three states showed year-over-year home price depreciation, including distressed sales, in December; these states were Maryland (-0.7 percent), Vermont (-0.9 percent) and Connecticut (-2.2 percent).

Excluding distressed sales, home prices increased 4.9 percent in December 2014 compared to December 2013 and increased 0.1 percent month over month compared to November 2014. Distressed sales include short sales and real estate owned (REO) transactions.

The CoreLogic HPI Forecast indicates that home prices, including distressed sales, are projected to increase 0.1 percent month over month from December 2014 to January 2015. Full-year 2015 (December to December) increase is projected to be 4.8 percent**. Excluding distressed sales, home prices are also expected to increase by 0.1 percent month over month from December 2014 to January 2015 and increase by 4.5 percent** year over year from December 2014 to December 2015. The CoreLogic HPI Forecast is a monthly projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

For the complete article, visit http://www.corelogic.com/about-us/news/corelogic-reports-december-2014-home-price-index.aspx