{"id":9159,"date":"2018-06-11T17:21:16","date_gmt":"2018-06-11T23:21:16","guid":{"rendered":"https:\/\/www.virtuance.com\/?p=9159"},"modified":"2018-06-11T17:21:16","modified_gmt":"2018-06-11T23:21:16","slug":"home-prices-rose-7-percent-april-corelogic","status":"publish","type":"post","link":"https:\/\/staging.virtuance.com\/member\/blog\/home-prices-rose-7-percent-april-corelogic\/","title":{"rendered":"Home prices rose 6.9% in April and will keep climbing: CoreLogic"},"content":{"rendered":"<p>By Veronika Bondarenko | Source <strong><a href=\"https:\/\/www.inman.com\/2018\/06\/05\/676513\/\">Inman<\/a><\/strong><\/p>\n<header class=\"entry-header clearing\">\n<div class=\"title-wrap\">\n<h2 class=\"entry-subtitle\">House prices will increase another 5.3 percent through April 2019, according to the latest CoreLogic Home Price Index Report<\/h2>\n<p><a href=\"https:\/\/www.corelogic.com\/blog\/2018\/06\/price-gains-for-lower-priced-homes-outpace-those-of-higher-priced-homes.aspx\">CoreLogic released its\u00a0Home Price Index (HPI) and HPI Forecast\u00a0data<\/a>\u00a0for April 2018, showing how home prices have increased year-over-year, and more is it come.<\/p>\n<p>Across the U.S., home prices rose by a total of 6.9 percent when compared to April 2017, increasing another 1.2 percent when compared to last month.<\/p>\n<p><a href=\"https:\/\/www.virtuance.com\/wp-content\/uploads\/2018\/06\/boesel_fig1_large_hpibysegment.png\"><img loading=\"lazy\" class=\"alignnone size-full wp-image-9160\" src=\"https:\/\/www.virtuance.com\/wp-content\/uploads\/2018\/06\/boesel_fig1_large_hpibysegment.png\" alt=\"\" width=\"650\" height=\"403\" srcset=\"https:\/\/staging.virtuance.com\/member\/wp-content\/uploads\/2018\/06\/boesel_fig1_large_hpibysegment.png 650w, https:\/\/staging.virtuance.com\/member\/wp-content\/uploads\/2018\/06\/boesel_fig1_large_hpibysegment-300x186.png 300w, https:\/\/staging.virtuance.com\/member\/wp-content\/uploads\/2018\/06\/boesel_fig1_large_hpibysegment-387x240.png 387w, https:\/\/staging.virtuance.com\/member\/wp-content\/uploads\/2018\/06\/boesel_fig1_large_hpibysegment-110x68.png 110w, https:\/\/staging.virtuance.com\/member\/wp-content\/uploads\/2018\/06\/boesel_fig1_large_hpibysegment-161x100.png 161w, https:\/\/staging.virtuance.com\/member\/wp-content\/uploads\/2018\/06\/boesel_fig1_large_hpibysegment-240x149.png 240w\" sizes=\"(max-width: 650px) 100vw, 650px\" \/><\/a><\/p>\n<p>\u201cThe best antidote for rising home prices is additional supply,\u201d said Dr. Frank Nothaft, CoreLogic\u2019s chief economist, in a statement. \u201cNew construction has failed to keep up with and meet new housing growth or replace existing inventory. More construction of for-sale and rental housing will alleviate housing cost pressures.\u201d<\/p>\n<p>Interestingly, lower priced-homes saw a much greater gain year-over-year than higher-priced ones: homes in CoreLogic\u2019s lowest price tier (75 percent or less the value of the national median home) saw a staggering 9.3 percent price increase year-over-year, versus a 5.7 percent price increase year-over-year for the highest-cost bracket of homes (125 percent the value of the national median home).<\/p>\n<p>According to CoreLogic\u2019s predictions, the price of an average American home is expected to rise another 5.3 percent by April 2019 and to have climbed 0.2 percent this May.<\/p>\n<p><span style=\"color: #0000ff;\"><a style=\"color: #0000ff;\" href=\"https:\/\/www.inman.com\/2018\/06\/05\/676513\/\">Read the full article here<\/a><\/span><\/p>\n<\/div>\n<\/header>\n<article id=\"post-676513\" class=\"post-676513 post type-post status-publish format-standard has-post-thumbnail hentry category-markets-economy category-select tag-corelogic tag-corelogic-home-price-index tag-hpi-forecast\">\n<div class=\"row\"><\/div>\n<div class=\"author-wrap row\">\n<div class=\"author\"><\/div>\n<\/div>\n<\/article>\n","protected":false},"excerpt":{"rendered":"<p>By Veronika Bondarenko | Source Inman House prices will increase another 5.3 percent through April 2019, according to the latest CoreLogic Home Price Index Report CoreLogic released its\u00a0Home Price Index (HPI) and HPI Forecast\u00a0data\u00a0for April 2018, showing how home prices have increased year-over-year, and more is it come. Across the U.S., home prices rose by [&hellip;]<\/p>\n","protected":false},"author":14503,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[4,47],"tags":[],"_links":{"self":[{"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/posts\/9159"}],"collection":[{"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/users\/14503"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/comments?post=9159"}],"version-history":[{"count":1,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/posts\/9159\/revisions"}],"predecessor-version":[{"id":9161,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/posts\/9159\/revisions\/9161"}],"wp:attachment":[{"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/media?parent=9159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/categories?post=9159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.virtuance.com\/member\/wp-json\/wp\/v2\/tags?post=9159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}