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
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Jul 02, 2026
NEXA Founder Mike Kortas Launches evoLend To Help Originators Retain Borrowers

New Fannie Mae-, Freddie Mac- and Ginnie Mae-approved mortgage servicer aims to keep originators connected to borrowers through servicing data, payoff visibility and retention tools

Jul 02, 2026
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