Home Prices Continue Upward Climb in April

first_img Demand Propels Home Prices Upward 2 days ago  Print This Post Tagged with: CoreLogic Home Price Index Home Prices in Daily Dose, Featured, Headlines, Market Studies, News Home Prices Continue Upward Climb in April The Best Markets For Residential Property Investors 2 days ago Colin Robins is the online editor for DSNews.com. He holds a Bachelor of Arts from Texas A&M University and a Master of Arts from the University of Texas, Dallas. Additionally, he contributes to the MReport, DS News’ sister site. Share Save In its latest Home Price Index, CoreLogic reported that home prices continue to rise across the nation, with more increases to come in 2015.The company reported that home prices, including distressed sales, increased 10.5 percent in April from the previous year. The company projects home prices will continue to increase by 1.0 percent month-over-month in May. Furthermore, national home prices are expected to rise by 6.3 percent from April 2014 to April 2015.”The weakness in home sales that began a few months ago is clearly signaling a slowdown in price appreciation. The 10.5 percent increase in April, compared to a year earlier, was the slowest rate of appreciation in 14 month,” said Sam Khater, deputy chief economist for CoreLogic.April marks the 26th consecutive month of year-over-year home price gains. Excluding distressed sales, CoreLogic found that home prices increased by 8.3 percent year-over-year.Unfortunately, despite the modest April gains, home prices across the nation remain 14.3 percent below their August 2006 peak.”Home prices are continuing to rise as we head into the summer months. The purchase market continues to suffer from a dearth of inventory which we expect will continue to drive prices up over the year,” said CoreLogic president and CEO, Anand Nallathambi.Excluding distressed sales, all 50 states and the District of Columbia showed year-over-year home price appreciation in April. The company found that 23 states and the District of Columbia are at or within 10 percent of their peak.Including distressed sales, the five states registering the largest year-over-year home price appreciation in April were California (15.6 percent), Nevada (14.8 percent), Hawaii (14.1 percent), Oregon (11.8 percent), and Michigan (11.3 percent).States remaining the furthest from peak values in April include: Nevada (-38.6 percent), Florida (-34.5 percent), Arizona (-29.5 percent), Rhode Island (-28.8 percent), and West Virginia (-24.2 percent). June 3, 2014 1,238 Views The Best Markets For Residential Property Investors 2 days ago Previous: Massachusetts AG Sues Fannie/Freddie Over Buyback Programs Next: Survey: Is the Country Still in a Housing Crisis? Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days agocenter_img Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Home / Daily Dose / Home Prices Continue Upward Climb in April Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Related Articles About Author: Colin Robins CoreLogic Home Price Index Home Prices 2014-06-03 Colin Robins Subscribe Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days agolast_img

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