Yes, Home Prices Are Still Rising – NMP Skip to main content

Yes, Home Prices Are Still Rising

Feb 06, 2018
Home prices during December were up 6.6 percent from the previous year and up 0.5 percent from the previous month

Home prices during December were up 6.6 percent from the previous year and up 0.5 percent from the previous month, according to new data from CoreLogic. December marked the fifth consecutive month that home prices were up by more than six percent on a year-over-year basis.
 
Four states recorded double-digit year-over-year home price spikes in December: Washington (12 percent), Nevada (11 percent), Utah (10.7 percent) and Idaho 10.7 percent. CoreLogic’s Market Condition Indicators (MCI) data considered 35 percent of the top 100 metropolitan areas had an overvalued housing market as of December, while 37 percent were at value and 28 percent were undervalued.
 
Looking ahead, CoreLogic is forecasting a 4.3 percent home price increase on a year-over-year basis from December 2017 to December 2018, but it is also predicting a 0.4 percent decrease from December 2017 to January 2018.
 
"The number of homes for sale has remained very low," said Frank Nothaft, Chief Economist for CoreLogic. "Job growth lowered the unemployment rate to 4.1 percent by year's end, the lowest level in 17 years. Rising income and consumer confidence has increased the number of prospective homebuyers. The net result of rising demand and limited for-sale inventory is a continued appreciation in home prices."
Home prices during December were up 6.6 percent from the previous year and up 0.5 percent from the previous month

 
 
About the author
Published
Feb 06, 2018
President Trump Cancels 21st Century ROAD To Housing Act

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

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

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

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

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

Jun 16, 2026
Trump Taps Former CFPB Deputy Brian Johnson To Lead Bureau

MBA backs the nomination as lenders await clarity on the future direction of consumer finance regulation under the Trump administration

Jun 12, 2026