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.

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