R.I. June HPI increase exceeds nation at 5.8%

THE RHODE ISLAND home price index increased 5.8% year over year in June. / AP FILE PHOTO/DAVID ZALUBOWSKI
PROVIDENCE – The Rhode Island home price index increased 5.8% year over year in June, CoreLogic said on Tuesday. The national HPI increased 4.9% from one year prior for the month. “Mortgage rates hit record lows this spring, which enhanced affordability for homebuyers,” said Frank Nothaft, chief economist at CoreLogic. “First-time buyers, and millennials in…

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