Buyers beware: there's no slowdown in sight of the nation's increasing home vaules. CoreLogic recently released its CoreLogic Home Price Index (HPI) and HPI Forecast data for April 2016, showing home price trends are still on the rise. National home prices increased annually by 6.2 percent in April over the same month the previous year. Gains were strong month-over-month also, at 1.8 percent. “The appreciation in home prices over the past year reflects the gathering pace of the recovery in housing in most states and regions in the U.S.,” CoreLogic CEO and President Anand Nallathambi said. “Price increases in a significant number of states in the Northeast and Mid-Atlantic regions lagged the national average, with Connecticut, Maryland, Pennsylvania, West Virginia, New Jersey and Vermont registering gains of 1 percent or less over the past year.” Home prices are forecasted to increase 5.3 percent by April 2017. May home prices are forecasted to have risen 0.9 percen...
- CoreLogic reports national home prices increased annually by 6.2 percent in April 2016.
- Washington, Seattle and Colorado ranked as the top states for price increases.
- Los Angeles outpaced San Francisco for home price increases in April.
- The smallest home price increase was reported in Washington-Arlington-Alexendria DC-VA-MD-WV metro area.
Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel