Shiller Trends News Today : Breaking News, Live Updates & Top Stories | Vimarsana

CoreLogic s Home Price Index (HPI) home prices reaching the highest annual gain since April 2006. .. Rising mortgage rates and severe supply constraints are pushing already-overheated home prices out of reach for some prospective buyers .. Price growth exceeded my forecast for the year - home prices are continuing very strong. According to CoreLogic: .. revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results. Dr. Frank Nothaft, chief economist at CoreLogic stated: The run-up in home prices is good news for current homeowners but sobering for prospective buyers. Those looking to buy need to save for a down payment, closing costs and cash reserves, all of which are much higher as home prices go up. Add to that a rise in mortgage rates and the affordability challenge for first-time buyers becomes even greater.

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