Home prices in DC continue to climb up, CoreLogic says

  • Loan originations have declined by 60 percent since 2005, when there were 11.7 loan applications for single-family homes.
  • D.C. had a reported increase of 1.4 percent in April 2016 over March and a 3.1 percent increase over the same month last year.
  • Home prices in the District of Columbia are expected to increase by 3.9 percent by next April.

CoreLogic’s June report finds that loan refinancing doesn’t make sense for a lot of current homeowners in the U.S.

Forecasts predict mortgage rates will increase this year, so CoreLogic used its data to determine refinancing conditions, mortgage denial rates and the overall health of the housing market throughout the nation.