Home prices increased in the month of May for the 39th consecutive month, says CoreLogic, a property information and analytics provider.

Home prices increased in the month of May for the 39th consecutive month, says CoreLogic, a property information and analytics provider.

According to the company’s Home Price Index (HPI), home prices nationwide — including distressed property sales — increased by 6.3 percent this May compared with May 2014. This time next year, prices will likely increase another 5.1 percent, CoreLogic predicted.

Even with mortgage rates on the rise, we’re seeing an active housing market with high demand and limited supply, CoreLogic said. Some real estate hotbeds, such as San Francisco, are recording double-digit appreciation rates over the past year. In addition, higher home prices over the past couple of years have spurred increases in new single-family construction.


“The rate of home price appreciation ticked up in May, with gains being fairly widely distributed across the country,” said Anand Nallathambi, president and CEO of CoreLogic. “Sales of newly built homes during the first five months of 2015 were up 23 percent from a year ago, and as rising values build equity for homeowners, we expect to see more existing homes offered for sale in the coming year.”

Looking ahead, CoreLogic predicted more of the same, estimating that home prices, including distressed sales, are projected to increase by 0.9 percent month over month from May 2015 to June 2015 and by 5.1 percent on a year-over-year basis from this May to May 2016. Excluding distressed sales, home prices are projected to increase by 0.8 percent month over month from May to June of this year, and by 4.7 percent from this May to May 2016.

The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

Email Amy Swinderman.

Inman Connect San Francisco is right around the corner — register now and save $200!

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription