CoreLogic reports home price increase in August -- and it's only up from here

Even if tight inventory begins to ease up, we’re still likely to see continued price appreciation, company says

Continued gains in employment, wage growth and historically low mortgage rates led to both month-over-month and year-over-year increases in home prices, and are likely to support home price appreciation for at least the next year, CoreLogic said today. Releasing its Home Price Index (HPI) for August, CoreLogic said home prices nationwide increased 1.2 percent from July to August and 6.9 percent from August 2014 to the same month this year.