According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide increased year over year for the 139th consecutive month in August. In addition they report that the median sales price for a U.S. single-family home was $375k.
“While continued mortgage rate increases challenge affordability across U.S. housing markets, home price growth is in line with typical seasonal averages, reflecting strong demand bolstered by a healthy labor market, strong wage growth and supporting demographic trends.” Said Selma Hepp, chief economist for CoreLogic.
Click here to read the full report at CoreLogic.
