National home prices were up 17.2%, year over year in June, the highest yearly increase since 1979, according to the latest CoreLogic Home Price Index Report.
CoreLogic said the increase in home prices was fueled by low mortgage rates, low for-sale supply and a rebounding economy.
Looking ahead, the firm cautioned prices could taper off in the next 12 months as prices become out of reach for some buyers along with projected increases in for-sale supply and moderation in demand.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
