Economic Report: Home prices accelerate for the first time in over a year

National home prices notched a stronger annual gain in April than in March, marking the first time in a year and a half that prices have accelerated from one month to the next.

Prices rose 3.6% in the 12 months ending May, up from 3.3% in April, according to a monthly report from real estate data provider CoreLogic. (It’s worth noting that CoreLogic said the same thing in April. The company revises its data every month as more information comes in.)

But it also makes more sense that May would be a stronger month for pricing. Home sales rebounded during that month, after faltering in April.

>>> Original Source <<<