Industry NewsMarkets & Economy

Real estate prices remain volatile, say data firms

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Home prices remain volatile, with moderate declines expected as the economy remains weak through the fall, loan data aggregator CoreLogic said in releasing results of a home-price index that showed prices were up 1.4 percent in June compared to a year ago.It was the fifth consecutive month in which national home prices registered a year-over-year increase, but not nearly as impressive as the 3.7 percent gain seen in June.The June percentage-point "deceleration" from May is "very large by historical standards," and one indication that the "stabilization phase and policy intervention since the spring of 2009 has run its course," said Mark Fleming, chief economist for CoreLogic, in a press release.The CoreLogic home-price index was down 28 percent from its April 2006 peak.The top four states with the highest annual appreciation in June were South Dakota (6.9 percent), Maine (6.4 percent), California (5.9 percent), and Virginia (4.7 percent), with Washington...