Home Price Appreciation Gains More Moderate in May

Making it the 27th consecutive month of year-over-year gains, national home price appreciation in May 2014 was 8.8% more than the same time last year when including distressed sales according to CoreLogic. Mark Fleming, Chief Economist for Corelogic, attributed the more moderate, year-over-year home price appreciation gain to “modestly rising inventory and less-than-expected demand.” On a month-over-month basis, also including distressed sales, May home price appreciation rose by 1.4% compared to April.

Idaho (+7.1%), Montana (+3.0%), Washington (+9.9%) and Wyoming (+4.2%) home price appreciation also saw single-digit increases on a year-over-year basis when including distressed sales. To read the full report, visit http://bit.ly/1stoWNs.

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