Lehigh Valley

Home Prices in Allentown-Bethlehem-Easton increase year-over-year

Prices rose by 4.2% in April 2014

ALLENTOWN, Pa. - Corelogic is reporting that homes across Allentown-Bethlehem-Easton are gaining value.

In data released Tuesday by the company, home prices in the area rose by 4.2% in April 2014, compared to the same time last year.

The company also reports that national home prices increased by 10.5% in April 2014, compared to April 2013.

They note that this makes the 26th month in a row that national home prices have gone up year-over-year.

On a month-by-month basis, national home prices increased by 2.1% from March to April 2014.

The Corelogic Home Price Index forecast indicates that from April to May of 2014, home prices are expected to have increased by 1%.

The forecast also projects that home prices will rise by 6.3%, give or take 1.5%, from April this year to April 2015.

Corelogic deputy chief economist, Sam Khater, says the weakness in home sales that began a few months ago is signaling a slowdown in price appreciation.

The increase in April was the slowest rate of appreciation in 14 months.

Corelogic is a company which provides data, analytics and other services in the financial and real estate domains.


DISCLAIMER FOR COMMENTS: The views expressed by public comments are not those of this company or its affiliated companies. Please note by clicking on "Post" you acknowledge that you have read the TERMS OF USE  and the comment you are posting is in compliance with such terms. Your comments may be used on air. Be polite. Inappropriate posts or posts containing offsite links may be removed by the moderator.

Allentown, PA 18102


Scattered Clouds


  • %

This Week's Circulars

Latest from the newsroom