CoreLogic: Gains to U.S. home price index hits seven-year high in April

CoreLogic released its April home price index today and year-over-year price gains were up 12.1 percent, the highest since February 2006, Reuters reports. April also marked the 14th consecutive month of monthly increases with prices up 3.2 percent compared to March, HousingWire reports.

“The pace of the housing market recovery quickened in April as home prices rose across the U.S.,” Anand Nallathambi, CoreLogic’s chief executive officer, told media outlets in a statement. “We expect this trend to continue, bolstered by tight supplies and pent up buyer demand.”

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