HOME PRICES INCREASED IN AUGUST

CoreLogic recently released their national sales data for all residential homes (including distressed sales) for August 2016. Compared to a year ago, home values have increased 6.2%. The CoreLogic forecast estimates that prices in 2017 will increase at a minimum of 5% over the next year. There is a growing demand for single family residential both from home buyers and investors. In many markets now in the U.S. there is a growing affordability crisis.

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