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

Regulation and Compliance

Mortgage AI Survey Finds Monitoring Gap At Smaller Lenders

Only 40% of smaller lenders surveyed reported ongoing AI monitoring, compared with 80% of larger lenders, as a new state examiner guide details the records regulators may request

Mortgage companies have been putting AI policies in place. Keeping watch over the tools after they go live is proving less consistent, particularly among smaller lenders.A new survey by the American Association of Residential Mortgage Regulators (AARMR), the Mortgage Bankers...

Operations

Can AI Crack The Mortgage Approval Gap?

A company white paper links lower decline rates to its AI-enabled workflow, then estimates the potential lending volume if those rates held nationwide.

Mortgage applications processed through AngelAi at Sun West Mortgage had substantially lower decline rates in 2025 than applications in the national market, according to a new company white paper. The gap appeared across Asian, Black, Hispanic, and white applicant groups.Sun...

Nov

Pasadena, CA

More from

Industry News

Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Industry News

Sep 29, 2026

CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Industry News

Sep 23, 2026

Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Industry News

Sep 23, 2026

Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

C-Suite Strategies

Sep 23, 2026

Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac

Regulation and Compliance

Sep 22, 2026