LA home prices bracing for a strong year ahead

  • Including distressed sales, single-family home prices nationwide increased 1.3 percent from April to May and a 5.9 percent game year-over-year.
  • CoreLogic forecasts US home prices to jump another 0.8 percent in June and 5.3 percent by May of next year.
  • The Los Angeles-Long Beach-Glendale area HPI had a strong year-over-year gain posted in May, at 6.9 percent, but CoreLogic considers the market condition as overvalued.

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

Home prices continue to increase throughout the nation for the 52nd consecutive month, according to CoreLogic’s monthly Home Price Index report — but some notable metros might have overvalued markets