The Smart Team of NOVA® Home Loans

First Read on Feb Home Prices Surprisingly Strong

Posted To: MND NewsWire

CoreLogic says house price increases picked up the pace again in February. After the rate of appreciation dipped from 7.2 percent for the 12 months ended in December, to 6.9 percent annually in January it appeared the long-awaited price deceleration had begun. A similar downturn had been noted in January for indexes maintained by Black Knight Financial Services and the Federal Housing Finance Agency (FHFA) although S&P Case Shiller’s index rose for the month. The monthly indices were mixed. CoreLogic’s HPI for February, however, shows the rate of appreciation on the rise again. The company puts the January to February change at 1.0 percent, it was 0.7 percent in January, and the increase from February 2016 at 7.0 percent. CoreLogic also provides a forecast for price changes on both a monthly…(read more)

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Source: Mortgage News Daily

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