December 2015 Home Prices Surge!

Corelogic home prices increase for 2015

Home prices in the U.S. increased 6.3% in December 2015 from the year before

CoreLogic, a leading global property information, analytics and data-enabled services provider, reported on Tuesday that home prices, including distressed sales, rose 6.3 percent from December 2014 to December 2015.  From November to December, prices were up 0.8 percent. CoreLogic cited strong demand and tight supply for the gains.

Looking ahead, home prices are expected to rise 5.4 percent from December 2015 to December 2016.  While rates are still low and there are so many wonderful mortgage products to help buyers today, it is a great time for buyers.

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Written By: Russell Smith