Posted To: MND NewsWire

CoreLogic says that April saw further acceleration in the growth of housing prices. The company, which reported an 11.3 percent annual increase in housing prices in March now says that appreciation grew to 13 percent in April. It was the third consecutive month of double digit gains and the highest rate of annual appreciation since February 2006 . The increase from March to April was 2.1 percent. The company, in its monthly report on its Housing Price Index (HPI) says, “Sparse inventory and high demand continues to place upward pressure on home prices, creating challenges across generations as buyer preferences shift. Younger Millennials continue to enter the market in droves while older Millennials look to upgrade and upsize their homes.” A recent CoreLogic consumer survey found that 64 percent…(read more)

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Source: Mortgage News Daily