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CoreLogic Reports Home Prices Rose 6.7%, Seventh Monthly Increase

Home prices in February 2018 rose both year over year and month over month. Nationally, the year over year increase was 6.7% from February 2017 to February 2018, and on a month-over-month basis, home prices increased by 1% last month compared with January 2018, according to research by CoreLogic.

The Irvine, CA-based firm’s CoreLogic HPI Forecast indicates that the national home-price index is projected to continue to increase by 4.7% on a year-over-year basis from February 2018 to February 2019, with California leading the climb at a forecasted 10.3% year-over-year change.

CoreLogic’s chief economist Dr. Frank Nothaft says, “A number of western states have had hot housing markets. Idaho, Nevada, Utah and Washington all had home prices up more than 11% over the last year. With the recent rise in mortgage rates, affordability has fallen sharply in these states. We expect home-price growth to slow over the next 12 months, dropping to 5 to 6% in Idaho, Utah and Washington, and slowing to 9.6% in Nevada.”


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Inside The Story

Read more at Business WireConnect With CoreLogic’s Dr. Nothaft

About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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