April Housing Market Update

April housing market data released by CoreLogic shows that whilst growth has slowed from March highs of 2.8%, there remains plenty of demand with April seeing 1.8% rise in national housing prices.

Whilst talk is of a slowing growth rate, if you think about 1.8% for April, that represents a whopping 22% growth over a year if annualised. If we look at the national numbers for the past quarter, they annualise to over 27% annual growth which is inline with the most bullish forecasts.