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The Week Ahead: A Snapshot of Home Price Trends

home pricesOn Tuesday, June 5, CoreLogic will release the latest edition of their Home Price Insights Report. The CoreLogic HPPI is "designed to provide an early indication of home price trends across a broad geographical area." That area includes more that 6,700 ZIP codes, 1,100 counties, and 937 core-based statistical areas (CBSAs).

The previous edition of the HPPI, released on May 1, found that home prices had increased nationally by 7 percent year-over-year between March 2017 and March 2018. Prices also increased 1.4 percent month-over-month in March.

"Home prices grew briskly in the first quarter of 2018,” said Dr. Frank Nothaft, Chief Economist for CoreLogic, at the time. “High demand and limited supply have pushed home prices above where they were in early 2006. New construction still lags historically normal levels, keeping upward pressure on prices.”

Here's what else is happening in The Week Ahead.

  • Black Knight Mortgage Monitor, Monday
  • Ellie Mae Millennial Tracker, Wednesday
  • MBA Mortgage apps, Wednesday, 7 a.m. ET
  • Jobless Claims, Thursday, 8:30 a.m. ET
  • Fed Balance Sheet, Thursday, 4:30 p.m. ET

 

 

 

About Author: David Wharton

David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 15 years of experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at David.Wharton@theMReport.com.
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