U.S. home prices, including distressed
sales, increased by 2.9 percent compared to the same month last year,
according to CoreLogic in its monthly index.
May was the fourth straight month prices
showed a year-over-year increase.
"Home price appreciation stabilized as home
buyer tax credit-driven sales peaked in late spring," says Mark Fleming,
chief economist for CoreLogic. "But given that the labor market and
income growth remain tepid, we expect prices to moderate and possibly
decline the rest of the year."
Source: CoreLogic (07/13/2010)
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