Strong Housing Data

CoreLogic

We have some strong housing data coming from CoreLogic this week. CoreLogic is the largest aggregator of real-estate data in the country,and they just released their Home Price Index for May, showing that home prices appreciated 1.3% from April and 5.9% year over year.  Additionally, CoreLogic forecasts that home prices will appreciate 0.8% in June and 5.3% next year.  The forecast by CoreLogic is a bit conservative and we believe appreciation will be even stronger.  This month’s report moderated slightly from last month’s 6.1%, but was still another strong housing report showing sustainable appreciation.  Below you will find a state by state breakdown from CoreLogic, showing the current and forecasted appreciation rates.