Housing prices rise

Home prices in the Inland Empire rose 5.9 percent in September compared with exactly one year earlier, according to data recently released.

Nationwide, home prices rose 6.3 percent in September year-over-year, Irvine-based CoreLogic reported in its monthly study of home prices.

Those numbers include distressed sales, which means a property is sold under duress, and often for a loss, because the property owner must raise cash quickly.

Home-equity wealth in the United State has doubled to $13 trillion during the last five years, mostly because home prices have improved, and the average homeowner has gained $11,000 from their home during that time.

U.S home prices are expected to go up 5.2 percent between September of this year and September 2017. That would create another $1 trillion in home-equity wealth throughout the United States, according to CoreLogic.