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Tight Inventories Continue to Spur Price Gains
Tuesday, August 4, 2015
The numbers of homes for sale in a few areas of the country
have now dropped below a two month supply CoreLogic said today. Prices in cities with these tight inventories
have appreciated faster than the rest of the country, but supplies are limited through
much of the nation.
The company said that its Home Price Index (HPI) for June,
shows that nationwide home prices, including distressed sales, were up 6.5
percent compared to June 2014, the 40th consecutive month of annual
price gains. The index increased by 1.7
percent from May to June.
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