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Home Prices Ignoring Predictions

Tuesday, June 2, 2015

For some time conventional wisdom has held that home price increases are slowing and would continue to do so, but the CoreLogic Home Price Index (HPI) has joined the S&P Dow Jones Case-Shiller Index in belying that prediction.  Its HPI has now posted larger year-over-year increase in prices every month but one since the beginning of 2015.   

The HPI which includes distressed sales increased by 6.8 percent in April 2015 compared to April 2014.  In March that increase was 5.9 percent, in February 5.6 percent, and in January 5.7 percent.   The April number represents 38 months of annual increases nationally.

 

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