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Calculated Risk: CoreLogic: House Prices up 10.4% Year-over-year in February

Notes:
This CoreLogic House Price Index report is for February. The recent Case-Shiller index release was for January. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA).
CoreLogic® . today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for February 2021.
Home prices continued to increase in February, reaching the highest annual gain since April 2006, as demand continues to clash with historically low supply. These factors have created increased affordability challenges, especially as mortgage rates also begin to rise.
CoreLogic analysis also shows homebuyers have steadily moved away from densely populated, high-cost coastal areas in favor of more affordable suburban locales. The number of homebuyers in the top 10 metros with the largest net out-migration including West Coast metros like Los Angeles, San Francisco and San Jose who chose to move to another metro increased by 3 percentage points in 2 ....

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