Skip to main content

CoreLogic: Home Prices Up Seven Percent in March

May 01, 2018
Pending home sales were on the rise in August, according to new data from the National Association of Realtors (NAR)

Home prices during March were up by seven percent year-over-year and were up 1.4 percent from February, according to new data from CoreLogic.
 
All 50 states saw annualized price increases in March, with four recording double-digit growth: Nevada (up 12.6 percent), Washington (up 12.6 percent), Idaho (up 12.3 percent) and Utah (up 11.2 percent). However, CoreLogic’s Market Condition Indicators data analysis of housing values in the country’s 100 largest metropolitan areas determined that 37 percent of these markets were overvalues, while 35 percent were at value and 28 were undervalued. When the data was reduced to the top 50 markets, 50 percent were deemed overvalued, 14 percent were undervalued and 36 percent were at value.
 
“Affordability continues to slip away from the average buyer. Lower-priced homes are appreciating much faster than higher-priced properties, making the affordability crisis even worse,” said Frank Martell, President and Chief Executive Officer of CoreLogic. “Now, the CoreLogic Market Condition Indicators show half of the top 50 markets in the country are overvalued because home prices in those areas have risen so much faster than incomes.”
 
Looking ahead, CoreLogic forecasted home prices will rise by 5.2 percent on a year-over-year basis from March 2018 to March 2019, but would only inch up by 0.1 percent between March and April.
Home prices during March were up by seven percent year-over-year and were up 1.4 percent from February, according to new data from CoreLogic

 
About the author
Published
May 01, 2018
Trigger Leads Bill Clears Senate

Final push now left to House; reconciled bill needed next

Housing Market Outlook: Brighter Days To Come

NAR Chief Economist Yun calls lower mortgage rates ‘magic bullet’ to boost home sales

Jun 11, 2025
Redfin Shareholders Say Yes To Acquisition By Rocket

Nearly 99% of Redfin shareholders vote to approve merger, though fewer vote yes to compensation for company’s execs

Jun 10, 2025
Play Ball: Ishbias Could Add Another Team To Their Roster

Justin Ishbia in agreement to potentially take over as owner of Chicago White Sox — but not for several years yet

Jun 09, 2025
Rift That Could Shift The Housing Market

Trump-Musk breakup this week could have implications for federal economic policies as well as the housing and mortgage markets

No Rate Cut Likely Yet, Fed’s Kugler Suggests

Current Fed stance ‘appropriate’ for range of reasons, Fed Board of Governors member says

Jun 05, 2025