CoreLogic® has released its CoreLogic Home Price Index (HPI™) and HPI Forecast™ for February 2020. The index is reporting that home prices rose year-over-year, as well as month-over-month. Home prices increased nationally by 4.1% from February 2019 to February 2020. On a month-over-month basis, prices increased by 0.6% in February 2020. The CoreLogic HPI Forecast projects U.S. home prices to increase by 0.5% from February 2020 to March 2020. Homes that settle during March will largely reflect purchase contracts that were signed in January and February, before the coronavirus (COVID-19) outbreak.
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CoreLogic Reports February Home Prices Increased by 4 Percent Year Over Year