Home prices won’t slow down, stumping the experts and shutting out buyers [MarketWatch]
CORELOGIC (CLGX)
Last corelogic earnings: 4/30 04:15 pm
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investor.corelogic.com/node/668
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Source: MarketWatch
Home prices won’t slow down, stumping the experts and shutting out buyers Home-price gains accelerated in March, defying predictions that lofty prices will eventually return to earth, and raising questions about how sustainable such a heated market can be. The home-price index from real estate data provider CoreLogic showed national yearly price growth of 7% in March. That’s up from 6.4% in February. Annual price gains have averaged 6.5% so far in 2018, up from an average of 5.9% last year. CoreLogic said lopsided supply-demand dynamics are to blame. “Lower-priced homes are appreciating much faster than higher-priced properties, making the affordability crisis even worse,” the company said. What’s worse, CoreLogic said half the nation’s housing markets are now “overvalued” — a metric it created by comparing current prices in a metro area to its long-run sustainable levels. Read: America’s new great migration in search of lower property taxes For some perspective on what analysts me
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