{"id":145917,"date":"2016-03-01T13:13:17","date_gmt":"2016-03-01T18:13:17","guid":{"rendered":"https:\/\/www.livabl.com\/articles\/?p=145917"},"modified":"2016-03-01T14:12:13","modified_gmt":"2016-03-01T19:12:13","slug":"us-home-price-increases-january-corelogic","status":"publish","type":"post","link":"https:\/\/www.livabl.com\/articles\/archives\/us-home-price-increases-january-corelogic","title":{"rendered":"US home price increase in January hints at strong spring to come: CoreLogic"},"content":{"rendered":"

<\/h4>

\"us-home-prices-january\"<\/a>Photo: Prayitno\/Flickr<\/a><\/em><\/p>\n

The upward trajectory of US home prices has continued into 2016, suggesting a strong spring may lie ahead for the real estate market.<\/p>\n

In January, US home prices increased 1.3 percent from December 2015 and were up 6.9 percent from the same time last year, according to CoreLogic, a data and analytics company.<\/p>\n

The state that saw the greatest year-over-year price appreciation in January was Washington, where prices were up 11.6 per cent.<\/p>\n

Colorado and Oregon followed with 12-month price gains of 10.9 percent and 10 percent, respectively.<\/p>\n

\u201cHeading into the spring buying season, home prices continue to rise across much of the country,\u201d says Anand Nallathambi, CoreLogic\u2019s president and CEO, in a statement.<\/p>\n

In fact, prices were up last month on a year-over-year basis in all but two southern states — prices were down 1.3 percent in Mississippi and 1.1 percent in Louisiana.<\/p>\n

CoreLogic\u2019s home price index, a main feature of its monthly reports, is based on repeat-sales data for both detached and attached single-family homes.<\/p>\n

The firm says this \u201cprovides a more accurate \u2018constant-quality\u2019 view of pricing trends than pricing analyses based on all home sales.\u201d<\/p>\n

When stacked up against December\u2019s home prices, nine states and the District of Columbia experienced drops.<\/p>\n

Maine had the most pronounced decline, as January prices were 2.5 percent lower than a month earlier.<\/p>\n

Hawaii, meanwhile, had the strongest month-over-month price appreciation at 3.5 percent.<\/p>\n

By January 2017, CoreLogic expects home prices to increase another 5.5 percent from where they were last month.<\/p>\n

CoreLogic predicts home prices in February will climb 0.5 percent over January.<\/p>\n

\u201cWith rates staying low for now and continued solid job and income growth, the spring buying season is shaping up to be a good one,\u201d Nallathambi concludes.<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

As spring approaches, US home prices continue to heat up.<\/p>\n","protected":false},"author":23,"featured_media":145918,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","apple_news_api_created_at":"","apple_news_api_id":"","apple_news_api_modified_at":"","apple_news_api_revision":"","apple_news_api_share_url":"","apple_news_coverimage":0,"apple_news_coverimage_caption":"","apple_news_is_hidden":false,"apple_news_is_paid":false,"apple_news_is_preview":false,"apple_news_is_sponsored":false,"apple_news_maturity_rating":"","apple_news_metadata":"\"\"","apple_news_pullquote":"","apple_news_pullquote_position":"","apple_news_slug":"","apple_news_sections":[],"apple_news_suppress_video_url":false,"apple_news_use_image_component":false,"footnotes":""},"categories":[11269],"tags":[],"coauthors":[8692],"apple_news_notices":[],"yoast_head":"\nUS home price increase in January hints at strong spring to come: CoreLogic | 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