CoreLogic’s Home Price Index for June was released this morning and showed that home prices have increased 1.9% since May, and 11.9% since last year.
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This is very encouraging because it does account for some of the recent rise in rates.
According to their report, home price appreciation for the first half of the year is on its best pace since 1977. Prices are still 19% below their peak set in April 2006.
Additionally, CoreLogic forecasts that home prices will be up 12.5% next month on a year-over-year basis.
