Home prices exceed projections

second+stage+acceleration+program-5By Jann Swanson

Home price increases continued to exceed CoreLogic’s own projections in July.  The company’s Home Price Index (HPI) indicates that home prices nationwide, including distressed sales, rose 1.1 percent from June and were 6 percent higher than in July 2015.  The month-over-month gain was identical to the rate of appreciation from May to June, but the year-over-year increase marked an acceleration from the 5.7 percent reported in June.  In the last HPI, CoreLogic noted a deceleration in price gains.

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