Home prices rose in December in both yearly and monthly comparisons, according to CoreLogic.
On a yearly basis, home prices rose 6.3%, CoreLogic said in its monthly Home Price Index.
Prices should rise by 5.4% over the 12-month period ending December 2016, CoreLogic said. From December 2015 to January 2016, prices should increase by 0.2%.
While home prices have been rising nationwide, housing performance varies widely by market, which leads to the muted average growth projections, Frank Nothaft, CoreLogic's chief economist, said in the release.
"Some metropolitan areas have had double-digit appreciation, such as Denver and Naples, Fla., while others have had price declines, like New Orleans and Rochester, N.Y.," Nothaft said.
"In the short and medium term, local markets with strong employment growth are likely to experience a continued rise in home sales and price growth well above the U.S. average," Anand Nallathambi, CoreLogic's chief executive, said in the release.
