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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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