CoreLogic: Home Prices Are Up and Distressed Sales Are Down

CoreLogic’s reports on home prices for May and distressed sales for April show that the housing market is continuing its positive momentum. In today’s Real Estate Minute, I’ll break down the implications of CoreLogic’s reports on home prices and distressed sales and what they reveal about the housing market as a whole. The CoreLogic Home Price Index (HPI) has seen annual increases in 39 consecutive months through May 2015, and home prices are continuing to close in on their previous high water mark from April 2006. But because distressed sales remain such a high percentage of home sales overall, home prices are continuing to be feel the drag from that segment of the housing market. So when will we finally see home prices back at their 2006 level? Watch this video to find out! Be sure subscribe to my YouTube channel for the latest real estate tips and news: http://www.youtube.com/subscription_center?add_user=expertrealestatetips And for more of my real estate and personal finance tips: Read my blog: http://thinkglink.com See my tweets: http://www.twitter.com/glink Follow me on Facebook: http://www.facebook.com/ilyceglink For CoreLogic’s report on home prices in May, click here: http://www.corelogic.com/research/hpi/corelogic_hpi_may_2015.pdf For CoreLogic’s distressed sales report for April, click here: http://www.corelogic.com/blog/authors/molly-boesel/2015/07/distressed-sales-accounted-for-11-percent-of-homes-sold-nationally-in-april-2015.aspx#.VaLFX3hIoVc