Home Price Growth Was Up in May

MarketWatch reports that home prices accelerated in May, the first uptick in price growth in a year and a half.

Prices rose 3.6% in the 12 months ending May, up from 3.3% in April, according to a monthly report from real estate data provider CoreLogic. (It’s worth noting that CoreLogic said the same thing in April. The company revises its data every month as more information comes in.)

But it also makes more sense that May would be a stronger month for pricing. Home sales rebounded during that month, after faltering in April.

CoreLogic forecasts a 5.6% increase for prices in the coming 12 months. That would be a hefty acceleration from recent trends, and probably signal a very different housing market than the one we’re living in now.

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