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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About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.

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