• CoreLogic: May Prices Up 7.1 Percent

    12 days ago - By RIS Media

    Analysts are anticipating home prices to tick up, but decelerated to a lesser pace, according to CoreLogic's latest Home Price Index report.
    CoreLogic data found that May prices rose 1.1 percent month-over-month and 7.1 percent year-over-year. According to a forecast in the report, prices will have risen 0.3 percent in June, and increase 5.1 percent through May 2019.
    Additionally, 40 percent of the 100 largest markets are overvalued, a condition CoreLogic defines as when “home prices are at least 10 percent higher than the long-term, sustainable” trend; 34 percent are at value, and 26...
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