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New CoreLogic report points to positives for the housing market

New CoreLogic report on the housing market may give some consumers reason to feel optimistic about the economy.

New CoreLogic report on the housing market may give some consumers reason to feel optimistic about the economy.

A July report on housing and market trends from CoreLogic may provide Americans with some optimism about the country's economic future.

Nondistressed home prices are beginning to stabilize and the inventory of distressed properties is on the decline, which CoreLogic says may result in fewer distressed home sales and some relief on price drops.

The company notes the rise in its Home Price Index between March and April, which was the first increase in more than six months, as reason to believe positive change may be coming for the industry as a whole. Improvements in the industry may encourage some, who had been planning on moving to a new home, to continue through the process. 

Bankrate.com recently shared some housing trends as well, which may help prospective homebuyers evaluate whether they are ready to start researching moving quotes.

According to the news source, mortgage rates may not linger for much longer at their low levels. Experts say they don't expect a dramatic rise in loan rates, but they may return to normal levels as the economy takes strides forward.