There was also an increase in the month from December of 0.7 per cent and the company is forecasting a 4.8 per cent rise for home prices nationally for 2017.
“With lean for-sale inventories and low rental vacancy rates, many markets have seen housing prices outpace inflation,” said Dr. “Over the 12 months through January of this year, the Core Logic Home Price Index recorded a 6.9 percent rise in home prices nationally and the Core Logic Single-Family Rental Index was up 2.7 percent—both rising faster than inflation.” Frank Martell, Core Logic’s CEO says that the spring season has the potential to be one of the strongest in living memory.
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