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Idaho Falls home prices rise

Idaho Falls home prices rose by 7.8 percent in September, compared to the same time last year. CoreLogic reported national home prices increased by 6.3 percent in the same period. National home prices increased by 1.1 percent from August to September 2016. The home price forecast indicates home prices are expected to increase by 5.2 percent from September 2016 to September 2017. According to CoreLogic chief economist Frank Nothaft, “Home equity wealth has doubled during the last five years to $13 trillion, largely because of the recovery in home prices.” The firm forecast home prices will rise by .3 percent from September to October of this year.

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