CoreLogic’s Home Price Index report for April showed that national home price appreciation, including distressed sales, was 10.2% greater than a year ago and 2.1% more than March. When including distressed sales, CoreLogic anticipates home price appreciation to gain by 1% each month from April 2014 to April 2015. Sam Khater, Corelogic’s Chief Economist stated, “The weakness in home sales that began a few months ago is clearly signaling a slowdown in price appreciation. The 10.5 percent increase in April, compared to a year earlier, was the slowest rate of appreciation in 14 months.” Nevertheless, April’s home price appreciation data “marks the 26th consecutive month of year-over-year home price gains.”
Including distressed sales, home price appreciation increases were seen in Idaho (+8.3%), Montana (+5.8%), Washington (+10.6%) and Wyoming (+7.1%) on a year-over-year basis. Read the full report at http://bit.ly/1i1OtqM.