National Home Prices Increased 7 Percent Year Over Year in February 2017
The CoreLogic HPI for February 2017 showed that national home prices appreciated 7 percent from a year ago and were 3.8 percent below the 2006 peak. The HPI is expected to increase 4.7 percent over the next year. The year-over-year increase of 7 percent includes inflation, and inflation has been creeping up since the end of last year, rising by 2.4 percent year over year in February. Removing inflation from the equation, we find that HPI increased 4.4 percent from a year ago, and is still 19.3 percent below the 2006 peak.
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