Home Price Gains Continue Cooling

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Posted To: MND NewsWire

The pace of home price appreciation does finally appear to be slowing. CoreLogic has released its Home Price Index (HPI) for June and both monthly and year-over-year price gains are slightly lower than they were in May. Nationwide home prices, including distressed sales, rose 1.1 percent from May . The month-over-month gain from April to May was 1.3 percent and the index has seen monthly increases that have averaged 1.45 percent over the first half of 2016. On an annual basis the national HPI posted a 5.7 percent gain in June. The year began with a 6.9 percent gain over the previous January. It has slipped every month since. Prices increased way above the national average in the same three states that have led for months. Oregon posted a 10.9 percent gain and Washington was second at 10.3 percent…(read more)

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