CoreLogic: May Prices Up 7.1 Percent

Analysts are anticipating home prices to tick up, but decelerated to a lesser pace, according to CoreLogic’s latest Home Price Index (HPI®) report.
CoreLogic data found that May prices rose 1.1 percent month-over-month and 7.1 percent year-over-year. According to a forecast in the report, prices will have risen 0.3 percent in June, and increase 5.1 percent through May 2019.
Additionally, 40 percent of the 100 largest markets are overvalued, a condition CoreLogic defines as when “