Home prices ended 2016 with yet another year-over-year uptick, according to CoreLogic.
They increased 7.2% year over year in December, CoreLogic said in its Home Price Index report released Tuesday. The index was also 0.8% higher month over month.
Looking to 2017, CoreLogic expects the housing market to hit a new home price peak.
"As of the end of 2016, the CoreLogic national index was 3.9% below the peak reached in April 2006," Frank Nothaft, chief economist for CoreLogic, said in a news release.
"We expect our national index to rise 4.7% during 2017, which would put homes prices at a new nominal peak before the end of this year."
Once again, Washington and Oregon led the country with year-over-year price appreciation in excess of 10%. Idaho closely followed at 9%. The only state where prices fell year over year was Wyoming, with a 0.3% decline.
