CoreLogic data found Denver home prices jumped by more than 10 percent year-over-year, according to a story in
National Mortgage Professional Magazine.
Excerpt:
Among the leading metro markets, Denver saw the greatest year-over-year home price gains, with a 10.3 percent surge.
CoreLogic is forecasting a 0.8 percent home price increase from May to June and a 5.3 percent spike between May 2016 and May 2017.
"Housing remained an oasis of stability in May with home prices rising year over year between five percent and six percent for 22 consecutive months," said Frank Nothaft, chief economist for CoreLogic. "The consistently solid growth in home prices has been driven by the highest resale activity in nine years and a still-tight housing inventory."
Read the rest
here.
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