—CoreLogic Releases HPI Forecast Validation Report—
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 June 2019 to the actual CoreLogic HPI, which includes data through June 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 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 deliver best-in-class forecasting as we move into the fourth quarter of 2020, with persistent economic volatility and uncertainty — largely caused by the COVID-19 pandemic — impacting every market in the U.S.,” said Ann Regan, executive, product management for CoreLogic. “Both our June 2019-September 2019 and March 2020-April 2020 forecasts were highly accurate and continue to demonstrate why CoreLogic is the gold standard in forecasting market price trends.”
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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