Skip to main content

CoreLogic: Home Prices Up Yet Again

Phil Hall
Dec 05, 2017
Home prices climbed for the 24th consecutive month in March while home sales fell for a fourth consecutive month

Home prices in October were up by seven percent on a year-over-year measurement and were up 0.9 percent from September, according to new data from CoreLogic. October marked the second consecutive month when the year-over-year home price appreciation was seven percent.
All 50 states recorded year-over-year home price increases, with the highest spikes recorded in Washington (12.5 percent) and Nevada and Utah (tied at 10.1 percent). The metro areas with greatest 12-month home price appreciation, Las Vegas (10.2 percent) and Denver (8.3 percent), were marked as overvalued by CoreLogic, which also stated that half of the nation’s top 50 markets were overvalued.
CoreLogic also forecasted that home prices will increase by 4.2 percent on a year-over-year basis from October 2017 to October 2018. However, the company predicted a 0.2 percent month-over-month decline from October to November.
"The acceleration in home prices is good news for both homeowners and the economy because it leads to higher home equity balances that support consumer spending and is a cushion against mortgage risk," said Frank Martell, President and CEO of CoreLogic. "However, for entry-level renters and first-time homebuyers, it leads to tougher affordability challenges. According to the CoreLogic Single-Family Rent Index, rents paid by entry-level renters for single-family homes rose by 4.2 percent from October 2016 to October 2017 compared with overall single-family rent growth of 2.7 percent over the same time."
Home prices in October were up by seven percent on a year-over-year measurement and were up 0.9 percent from September

Dec 05, 2017
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021