Housing Prices Continue to Rise

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Author: Cody Galuardi August 6, 2014

dsnews8-11-14CoreLogic has released its Home Price Index (HPI) report showing that home prices increased in June 2014 by 7.5 percent when compared with a year earlier.

It is the 28th consecutive month of year-over-year increases in national prices among distressed sales. When distressed sales were excluded from the statistics, year-over-year growth was slower at 6.9 percent.

According to Mark Fleming, the chief economist with CoreLogic, the ongoing slowdown in price appreciation reflects a “reversion to normality” that is “expected to continue across the country and should further alleviate concern over diminishing affordability and the risk of another asset bubble.”

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