CoreLogic: Bidding frenzy sends home prices soaring
As interest rates dropped in April, homebuyers rushed into the market, sending home prices shooting up, according to the latest report from CoreLogic, a property information, analytics and data-enabled solutions provider. Home prices, including distressed sales, increased 6.9% annually in April and 1.6% from March, according to the CoreLogic Home Price Index and HPI Forecast.