Tuesday, June 4, 2013

Upside

"The pace of home price increases stayed strong in April with prices up 12.1% year-over-year, CoreLogic says.

The annual increase is the biggest in more than seven years. Prices were up 3.2% in April from March.
"Increasing demand … coupled with low inventory, has created a virtuous cycle for price gains, says Mark Fleming, CoreLogic chief economist, noting that home price growth continues to "surprise to the upside."

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