Home prices nationwide, including distressed sales, increased 5.9 percent in May compared with a year ago, according to the latest price index from CoreLogic. Prices increased at a 1.3 percent pace in May from April.
Frank Nothaft, Chief Economist for CoreLogic, commented, “Housing remained an oasis of stability in May with home prices rising year over year between 5 percent and 6 percent for 22 consecutive months. The consistently solid growth in home prices has been driven by the highest resale activity in nine years and a still-tight housing inventory.”
CoreLogic’s forecast shows that home prices will increase by 5.3 percent on a year-over-year basis from May to May 2017. Prices are expected to increase at a slightly slower 0.8 percent pace in June from May.
About Community Real Estate
Community Real Estate is a Real Estate Brokerage committed to provide quality professional services. We are a full service company with in-house lending. We are Realtor®s and HUD approved selling agents.
We are expert Short Sales, Listing Agents and Buyers’ Agents. We also specialize in First Time Buyers, Second Homes, Vacation Homes, Investment Homes, Leasing and Rentals, Relocations, Probate sales, Vacant Land sales, Manufacture Homes/Mobile Homes sales, Foreclosures, Distress Properties and REO listings and sales.
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