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
- 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.
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