In May, nationwide home prices rose by 4.8% compared to the same time last year
'After a long period of decline, we are likely to see steady waves of delinquencies throughout the rest of 2020 and into 2021,' warns CoreLogic
'We expect delinquency rates to jump significantly throughout the year as the economic toll from COVID-19 becomes more evident,' CoreLogic President Frank Martell said
Overall, prices increased 4% year over year in January, according to the latest CoreLogic report
Only 3.9 percent of mortgages were in some stage of delinquency in November
Maine and West Virginia also saw large annual increases, with prices rising 8.6 and 6.9 percent, respectively
The increase coincides with a rise in unemployment rates in those regions
Similar to April, 3.6% of mortgages were in some stage of delinquency in May, according to study released Monday
Prices rose 0.9% in May, according to CoreLogic
Only 4% of homes were in a stage of delinquency in March
Homeowners only gained $12,400 in home equity in the third quarter, the smallest annual increase in 2 years
Home prices have increased 5.6% since September 2017, according to CoreLogic Home Price Index and Forecast
But states hit by storms and hurricanes continue to struggle
Marks seventh-consecutive month of home price increases nationwide
Home prices rose 6.6% in January, and millennials are expected to bear the brunt of inventory shortages and worsening affordability