Home Prices Grow in April

The most recent CoreLogic Home Price Index (HPI) reveals that nationwide home prices are on the rise and have both increased annually and on a monthly basis.  In comparing to April 2015, home prices increased by 6.2% year over year, and the monthly increase was 1.8% for April 2016.  The CoreLogic forecast is predicting that home prices will increase 5.3% year over year from April 2016 to April 2017, in addition the forecast predicted an increase of 0.9% from April 2016 to May 2016.  CoreLogic attributes the increase to "low mortgage rates and a lean for-sale inventory".  Read the entire article here.

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Rick R. Rodriguez
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