Home Prices Are Still Rising – NMP Skip to main content

Home Prices Are Still Rising

Apr 03, 2018
Home sales will inch up in 2019 while prices rise at a slower pace, according to a new forecast from the National Association of Realtors (NAR)

Home prices in February rose by 6.7 percent from one year earlier and were up one percent from the previous month, according to new data from CoreLogic.
 
All 50 states recorded year-over-year home price increases, with four states recording double-digit growth: Washington (12.5 percent), Nevada (12.2 percent), Idaho (11.2 percent) and Utah (11.1) percent. Delaware recorded the lowest home price growth, with a scant 0.6 percent year-over-year uptick.
 
On a local level, CoreLogic’s Market Condition Indicators (MCI) data determined that 34 percent of the nation’s 100 largest metropolitan areas have an overvalued housing market as of February, while 30 percent were undervalued and 36 percent were at value. When looking at only the top 50 markets based on housing stock, 48 percent were overvalued, 18 percent were undervalued and 34 percent were at value.
 
“Family income is rising more slowly than home prices and mortgage rates, meaning that the mortgage payment takes a bigger bite out of income for new homebuyers,” said Frank Martell, President and Chief Executive Officer of CoreLogic. “CoreLogic’s Market Conditions Indicator has identified nearly one-half of the 50 largest metropolitan areas as overvalued. Often buyers are lulled into thinking these high-priced markets will continue, but we find that overvalued markets will tend to have a slowdown in price growth.”
 
Looking ahead, CoreLogic forecasts a 4.7 percent housing price index from February 2018 to February 2019, with California expected to see a 10.3 percent year-over-year change.

 
About the author
Published
Apr 03, 2018
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Oct 09, 2026