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

Yes, Home Prices Are Still Rising

Jun 05, 2018
Home prices during April were up by 6.9 percent year-over-year and were up also up 1.2 percent from the previous month

Home prices during April were up by 6.9 percent year-over-year and were up also up 1.2 percent from the previous month, according to new data from CoreLogic.
 
All 50 states recorded annualized home price increases in April, with four experiencing double-digit growth: Washington (12.8 percent), Idaho (12.4 percent), Nevada (12.2 percent) and Utah (11.5 percent). Among the nation’s major metro markets, San Francisco and Las Vegas tied as the leaders with 12.3 percent annualized home price gains.
 
However, CoreLogic’s Market Condition Indicators (MCI) analysis of housing values in the country’s 100 largest metropolitan areas determined that 40 percent of these markets were overvalued in April, while 32 were at value and 28 were undervalued. When looking at only the top 50 markets based on housing stock, the MCI analysis determined that 52 percent were overvalued, 14 percent were undervalued and 34 percent were at value.
 
“The best antidote for rising home prices is additional supply,” said Frank Nothaft, Chief Economist for CoreLogic. “New construction has failed to keep up with and meet new housing growth or replace existing inventory. More construction of for-sale and rental housing will alleviate housing cost pressures.”
 
And with the beginning of this year’s hurricane season, CoreLogic issued its 2018 Storm Surge Report, which identified Florida as the most vulnerable state with 2.7 million homes at risk and a projected cost of $552 billion to rebuild homes across the state if the maximum number of properties were damaged by a major storm.

 
About the author
Published
Jun 05, 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