CoreLogic: Continued Increases in Home Prices

From Home prices in the United States increased in May, the fourth-consecutive month showing a year-over-year increase, according to CoreLogic’s Home Price Index. According to the Index, national home prices, including distressed sales, increased by 2.9 percent in May 2010 compared to May 2009 and increased by 3.5 percent in April 2010 compared to April 2009. Excluding distressed sales, year-over-year prices only increased by 0.9 percent in May, and April’s non-distressed HPI increased by 0.4 percent.On a month-over-month basis, May’s HPI was 0.9 percent higher than the April 2010 HPI, but the rate of increase was lower than the 1.3 percent gain from March 2010 to April 2010.

To view the full May 2010 report click here.