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Home Prices Up 6.2% in July

Mortgage News > Home Prices Up 6.2% in July
Date: 09/06/2018    Home Prices Up 6.2% in July

Home prices jumped 6.2% nationally in July from the previous year, according to CoreLogic. Compared with June, prices were up just 0.3%, a welcome sign for buyers of slowing growth. CoreLogic predicts that home prices will rise 0.2% in August and another 5.1% by next July. According to its studies, CoreLogic also says 40% of the largest U.S. metro areas currently have overpriced housing inventory and this should lead to slowdowns and price corrections in the coming months.

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