The Housing Chronicles Blog: CoreLogic: June home prices up 6.7 percent year-on-year, some markets becoming over-valued

Tuesday, August 1, 2017

CoreLogic: June home prices up 6.7 percent year-on-year, some markets becoming over-valued

According to CoreLogic, June home prices nationally increased year over year by 6.7 percent and by 1.1 percent from May.   Looking ahead, the CoreLogic HPI Forecast indicates that home prices will increase by 5.2 percent on a year-over-year basis from June 2017 to June 2018.

As of Q2 2017, the unsold inventory as a share of all households is 1.9 percent, which is the lowest Q2 reading in over 30 years.

Of the nation’s 10 largest metropolitan areas measured by population, four were overvalued in June according to CoreLogic Market Conditions Indicators (MCI) data. These four metros include Denver-Aurora-Lakewood, CO, Houston-The Woodlands-Sugar Land, TX, Miami-Miami Beach-Kendall, FL and Washington-Arlington-Alexandria, DC-VA-MD-WV.

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