Home Prices Disregard Winter Blues, Continue 2017 Tear

Posted To: MND NewsWire

The November home sales market appeared unwilling to acknowledge impending winter , the usual pre-holiday slowdown, or all the predictions of gradually moderating home prices. September and October new and existing home sales recovered strongly from a listless summer and prices, which had never slowed appreciably, responded to the resurgent demand. CoreLogic has reported out the first figures for November, and its Home Price Index (HPI) was up 1.0 percent on a month-over-month basis, breaking out of the 0.9 percent pattern in which the index had been locked for the previous four months. Monthly price increases year-to-date in 2017 through November now average 1.07 percent. The HPI increased on a national basis by 7.0 percent, the same degree of annual appreciation reported for September and…(read more)

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