Report: House Prices Up 6.8% Year-Over-Year in April
CoreLogic announced earlier this week that home prices were up 6.8 percent year-over-year in April.
Additionally, the average home price in the United State was up 2.7 percent in April from the month before.
“For the first four months of 2015, home sales were up 9 percent compared to the same period a year ago,” Frank Nothaft, chief economist for CoreLogic, explained. “One byproduct of the increased sales activity is rising house prices, and, as a result, month-over-month home prices are up almost 3 percent for April 2015 and up more than 6 percent from a year ago.”
Image via flickr/401(K) 2012