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CoreLogic: September home prices increased 6.4%

The September Home Price Index shows big gains in Houston, Chicago, Los Angeles and Washington, D.C.
  • Home prices nationwide -- including distressed sales -- increased by 6.4 percent year-over-year in September 2015.
  • Home price increases have been stable for the last 15 months, ranging between a 4.8 percent and 6.5 percent year-over-year increase.
  • The number of overvalued top markets doubled from the first quarter to the second quarter.

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Home prices nationwide -- including distressed sales -- increased by 6.4 percent year-over-year in September 2015 and increased by 0.6 percent month-over-month, according to the September 2015 CoreLogic Home Price Index report. Home prices are projected to increase by 4.7 percent on a year-over-year basis from September 2015 to September 2016, but could potentially dip slightly from September 2015 to October 2015, said the global property information provider. This tallies well with the prevailing market story of stability. “After nearly 10 years of very high home price volatility, home price increases have been remarkably stable for the last 15 months, ranging between a 4.8 percent and 6.5 percent year-over-year increase,” said Sam Khater, deputy chief economist for CoreLogic. “Home price volatility is now back to the long-term trend prior to the boom and bust, which is a good barometer of the market’s stability and health," he added. CoreLogic noted that ...