CoreLogic says that April saw further acceleration
in the growth of housing prices. The company, which reported an 11.3 percent annual
increase in housing prices in March now says that appreciation grew to 13
percent in April. It was the third consecutive month of double digit gains and the
highest rate of annual appreciation since February 2006. The increase from
March to April was 2.1 percent. The company, in its monthly report on its
Housing Price Index (HPI) says, “Sparse inventory and high demand continues to
place upward pressure on home prices, creating challenges across generations as
buyer preferences shift. Younger Millennials continue to enter the market in
droves while older Millennials look to upgrade and upsize their homes.”

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