Posted by: Marvin Remmich | August 8, 2012

CoreLogic Reports Prices Up, but Pace Might Slow in 2nd Half of 2012

When including
distressed sales, CoreLogic reported a 2.5 percent yearly increase in home
prices in June, and a 1.3 percent increase month-over-month from May. The rise
in home prices is the fourth consecutive increase on a yearly and monthly
basis, and CoreLogic’s Pending HPI is forecasting at least a 0.4 percent
monthly increase in July. In response to CoreLogic’s report, Capital Economics
said that while the gain in June is strong, “the latest rise was
marginally weaker than we would expect in a typical June, meaning that
seasonally-adjusted house prices actually eased a touch.”

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