CoreLogic: Home Prices Up 6.9 Percent

Oct 03, 2017

It was a November to remember for new home sales, according to data from the U.S. Census Bureau and the Department of Housing and Urban Development

Home prices in August increased by 6.9 percent year-over-year and were up 0.9 percent from the previous month, according to new data from CoreLogic.

Among the states, Washington and Utah had the greatest year-over-year gains in August, up 13 percent and 11.2 percent, respectively. West Virginia was the sole state in August with negative home price growth, recording a 1.7 percent decline.

In an analysis of the country's 100 largest metropolitan areas based on housing stock, CoreLogic determined that 34 percent of cities have an overvalued housing stock as of August, while 27 percent were undervalued and 39 percent were at value. Looking ahead, CoreLogic forecast home prices will increase by 4.7 percent on a year-over-year basis from August 2017 to August 2018, and will inch up by 0.1 percent on a month-over-month basis August to September.

"While growth in home sales has stalled due to a lack of inventory during the last few months, the tight inventory has actually helped stabilize price growth," said Frank Nothaft, Chief Economist for CoreLogic. "Over the last three years, price growth in the CoreLogic national index has been between five percent and seven percent per year, and CoreLogic expects home prices to increase about five percent by this time next year."

Home prices in August increased by 6.9 percent year-over-year and were up 0.9 percent from the previous month, according to new data from CoreLogic

About the author

Phil Hall

Link copied

Published

Oct 03, 2017

Tech

AI Replaces Lending Handoffs At Credit Union

MidWest America FCU consolidates point of sale, origination and decisioning into a single AI-powered workflow

Credit unions have spent years digitizing the lending process. Increasingly, they're trying to eliminate the handoffs that slow it down.MidWest America Federal Credit Union has selected Algebrik AI's cloud-native lending platform, Algebrik One, to unify borrower point-of-sal...

C-Suite Strategies

Bed Bath & Beyond Says ROAD Act Supports Its Homeownership Platform Vision

Retailer continues expanding into mortgage, real estate and home services, arguing housing reform aligns with its long-term strategy

Bed Bath & Beyond is doubling down on its ambitions in housing finance, arguing that the 21st Century ROAD to Housing Act reinforces its strategy to build an integrated platform that extends well beyond home furnishings.In a position paper released Monday, Executive Chai...

Jul

Chandler, AZ

More from

Industry News

President Trump Cancels 21st Century ROAD To Housing Act

Trump cancels signing the bipartisan housing bill, leaving affordability package in limbo

Industry News

Jun 24, 2026

Commercial, Multifamily Mortgage Debt Tops $5 Trillion In Q1

MBA says outstanding debt grew by $26.3 billion in the first quarter, led by multifamily lending and increased holdings from banks, agencies, and life insurers

Industry News

Jun 18, 2026

Fed Holds Rates Steady, But Outlook Dims For Mortgage Rate Relief

The Federal Reserve left rates unchanged but updated projections show more policymakers expecting additional hikes

Industry News

Jun 18, 2026

Congress Nears Final Vote On 21st Century ROAD to Housing Act

Senate voted 87-8 to advance House-amended package, with final votes expected in coming days

Industry News

Jun 17, 2026

Florida Pending Sales Signal Strong Summer Housing Market

Closed sales rise for a ninth straight month as inventory gives buyers more negotiating power