Low Inventories Fuel Home Price Gains

Data analytics firm CoreLogic reported on Tuesday that home prices, including distressed sales, rose 6.7 percent from June 2016 to June 2017 due in part to the continued theme: limited homes for sale on the market. On a monthly basis, prices were up 1.1 percent. “Home prices are marching ever higher – up almost 50% since the trough in March 2011,” said Frank Martell, President and CEO of CoreLogic. “With no end in sight, affordability is rapidly deteriorating nationally and especially in some key areas such as Denver, Houston, Miami and Washington.”

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