Analysis reveals 12-month national forecast is within 2.8% 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 2019 to the actual CoreLogic HPI, which includes data through November 2020.
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 twice yearly, the CoreLogic HPI Forecast Validation Report is designed to provide transparency into CoreLogic forecasting abilities.
The most recent report shows:
“The pandemic has impacted CoreLogic’s HPI Forecasts over the last 12 months, creating unforeseeable and ongoing market volatility,” said Ann Regan, executive, product management for CoreLogic. “Even with these headwinds, our forecasts were highly accurate within the November 2019 to July 2020 timeframe and continue to demonstrate why CoreLogic is the gold standard in forecasting market price trends.”
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, buy and protect their homes. For more information, please visit www.corelogic.com.
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