— Analysis reveals 12-month national forecast is within 2.3% of actual HPI increase —
CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released its latest CoreLogic® HPI Forecast Validation Report that compares its 12-month CoreLogic Home Price Index (HPI) Forecasts™ to the actual CoreLogic HPI™. The report compares the changes in national and key metro-level forecasts made in November 2018 to the actual CoreLogic HPI, which includes data through November 2019.
The CoreLogic HPI Forecasts are a projection of home prices using the CoreLogic HPI and other economic variables. National values are derived from state-level forecasts by weighing indices according to the number of housing units for each state. Published every six months, the CoreLogic HPI Forecast Validation Report is designed to provide transparency into CoreLogic forecasting abilities.
The most recent report shows:
“The latest CoreLogic HPI Forecast Validation Report continues to demonstrate the ability of CoreLogic to accurately deliver high-quality forecasts at the metro level,” said Ann Regan, executive, product management for CoreLogic. “While our national forecast results reflect the difficulties of forecasting in a volatile market, our forecasts were still able to provide accurate, region-specific forecasts for major metro areas, showcasing once again why we are the gold standard in forecasting in the market.”
Top 10 Most Accurately Forecasted Metros
Listed in order of accuracy
CoreLogic (NYSE: CLGX), the leading provider of property insights and solutions, promotes a healthy housing market and thriving communities. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, acquire and protect their homes. For more information, please visit www.corelogic.com.
CORELOGIC the CoreLogic logo, CORELOGIC HPI and CORELOGIC HPI FORECASTS are trademarks of CoreLogic, Inc. and/or its subsidiaries. All other trademarks are the property of their respective owners.
Allyse SanchezINK Communications925-548-2535 firstname.lastname@example.org