Have home prices doubled in the past five years?

Housing market is still hot in the United States, strengthening the position of homeowners and frustrating potential home buyers.

After bottoming in 2012, home prices had a significant increase before leveling off again in the middle of 2014. In September and October of 2016 though they turned higher again. “The amount of equity homeowners now have (the value outside their mortgage debt) has doubled in the last five years, according to CoreLogic”.

The most recent report in September showed an increase of 6.3 percent gain annually; a touch higher than August and an apparent signal that prices are heating up again; after cooling in much of 2nd and 3rd quarter of 2016.