CoreLogic: Home Prices up 4.9% Year-Over Year in June
According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 4.9% year-over-year in June. Once again, CoreLogic says strong demand, especially by younger home buyers, and low supply helped push home prices higher.
“Home price appreciation continues at a solid pace reflecting fundamental strength in demand drivers and limited for-sale inventory…As we move forward, we expect these price increases to moderate over the next twelve months. Given the economic outlook, housing remains a bright spot for the foreseeable future.” Said Frank Martell, president and CEO of CoreLogic.
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