Tag Archives: Home prices reach higher ground

Home prices continue to surprise, posting a double-digit annual gain in April. Home prices, including distressed sales, increased 12.1% year-over-year, representing the biggest annual increase since February 2006 and the 14th consecutive monthly increase, CoreLogic said Tuesday. Additionally, home prices, including distressed sales, increased by 3.2% from March to April. “Increasing demand for new and existing homes, coupled with low inventory, has created a virtuous cycle for price gains, most clearly seen in the Western states with year-over-year gains of 20% or more,” said Dr. Mark Fleming, chief economist for […]