Forecast Indicates Increase of 4.8% by January 2018 
CoreLogic reported that its home prices index [HPI] for sales nationwide, including distressed sales, increased year-over-year by 6.9% in January 2017 compared with January 2016. It also reported that according to its measurements, home prices increased month-over-month by 0.7% in January 2017 compared with December 2016.
For the balance of 2017, the CoreLogic HPI Forecast indicates that home prices will increase by 4.8% on a year-over-year basis from January 2017 to January 2018. “Home prices continue to climb across the nation, and the spring home buying season is shaping up to be one of the strongest in recent memory,” said Frank Martell, president and CEO of CoreLogic.
In addition, it reported the CoreLogic Single-Family Rental Index was up 2.7%.
- Lean for-sale inventories
- Low rental vacancy rates
- Market home prices outpacing inflation
- Continued high demand
The Denver-Aurora-Lakewood, Colorado metro area came in number one, skyrocking to its geographic mile-high reputation, climbing by 9.9% year-over-year, followed by Boston and Los Angeles, which both reported 6.8% increases year over year.
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Counsellors Title Agency, www.counsellorstitle.com, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.