If you’re holding on to that home, hoping for the value to keep going up, the most recent home price report from property information and analytics provider CoreLogic has good news for you. The CoreLogic Home Price Index (HPI) for the Wasatch Front showed a 2.2 percent increase from May to June — twice the nationwide hike of 1.1 percent.
That means home prices are now 11.4 percent ahead of last year at this time. Across the U.S., prices are up 6.7 percent for the same period. All of the sales prices reported by CoreLogic include distressed sales such as foreclosures and short sales.
Looking ahead, the CoreLogic HPI Forecast predicts that U.S. home prices will increase by 5.2 percent on a year-over-year basis from this June to June 2018, and on a month-over-month basis home prices are expected to increase by 0.6 percent from June to July. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.