Talking Points …
- Double-digit home price appreciation will continue to occur but will drop off by the end of 2014, according to the latest CoreLogic Case-Shiller Home Price Indexes. Increased housing construction and increases in existing inventories are expected to restrain price appreciation even if demand remains strong.
- National home prices were up 10.1 percent year over year in the second quarter, and the index predicts prices will rise 3.4 percent over the next five years. Currently, prices are rising in almost 90 percent of the nation’s metro areas.
- For metros with populations exceeding 950,000, CoreLogic Case-Shiller found that metros with the greatest annual price appreciation in the second quarter were in California. In fact, Sacramento experienced the greatest price growth at 25.9 percent.