Home prices continued their ascent in February, according to the latest index from CoreLogic.
Home prices in the Atlanta area increased 16.7 percent year-over-year in February, according to the latest Home Price Index from CoreLogic.
That yearly total was actually the third highest among all the metro areas CoreLogic samples, and was above the national average, which saw prices rise 12.2 percent. That was the 24th straight month of yearly increases for the Home Price Index, and according to the CoreLogic Pending HPI, prices will rise 10.5 percent year-over-year in the next index.
Anand Nallathambi, the president and CEO of CoreLogic, said housing’s progress should bode well for other areas in the housing market.
“February marks two straight years of year-over-year gains in national prices across the United States,” he said. “The consistent upward movement in home prices should ultimately prove to be an important stimulant for higher levels of sustained market activity and growth in the housing economy.”
Interested in how home prices have progressed in the last year? Check out our graph below for some perspective: