Wednesday, September 3, 2014
CoreLogic: Home Prices Post 12.1% Annual Gain in April- Whittier Real Estate| Whittier Homes For Sale | Whittier Condos
CoreLogic: Home Prices Post 12.1% Annual Gain in April:
Home prices climbed higher for the 14th straight month and displayed another impressive double-digit annual gain, according to CoreLogic’s Home Price Index (HPI) report.
When including distressed sales, prices were up 12.1 percent in April compared to a year ago CoreLogic reported the increase in April marks the biggest annual gain since February 2006. From March to April, home prices ticked up by 3.2 percent.
“Increasing demand for new and existing homes, coupled with low inventory, has created a virtuous cycle for price gains, most clearly seen in the Western states with year-over-year gains of 20 percent or more,” said Dr. Mark Fleming, chief economist for CoreLogic.
Looking ahead, CoreLogic’s Pending HPI projects an even greater annual escalation in May of 12.5 percent. Month-over-month, home prices are expected to rise by 2.7 percent.[Read More]
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