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The Week Ahead: A Snapshot of Home Price Trends

home prices

home pricesOn Tuesday, June 5, CoreLogic will release the latest edition of their Home Price Insights Report [1]. 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.