January home prices in Wichita are up nearly 5 percent, according to a release from a national financial services and analytics firm.
California-based CoreLogic reported Tuesday that Wichita home prices, including distressed sales, were up 4.8 percent in January when compared with the same month in 2015.
Nationwide, home prices increased nearly 7 percent in January when compared to the same month last year, according to CoreLogic. The firm predicts that home prices will increase more than 5 percent year-over-year from January 2016 to January 2017.
"Heading into the spring buying season, home prices continue to rise across much of the country," said Anand Nallathambi, president and CEO of CoreLogic, in the release. "With rates staying low for now and continued solid job and income growth, the spring buying season is shaping up to be a good one."