Annual Home Price Growth Up 4.4 Percent – NMP
Industry News

Annual Home Price Growth Up 4.4 Percent

Mar 05, 2019
Home prices in January rose by 4.4 percent from one year earlier, according to new data from CoreLogic

Home prices in January rose by 4.4 percent from one year earlier, according to new data from CoreLogic. January marked the slowest year-over-year growth rate since August 2012. On a month-over-month basis, January’s prices inched up by a scant 0.1 percent from the previous month.
 
Two states recorded double-digit annualized home price growth in January: Idaho with an 11.2 percent increase and Nevada with a 10.2 percent rise. Louisiana and North Dakota were the only states recording negative growth for the period, falling 0.8 percent and 0.7 percent, respectively. CoreLogic also determined that 35 percent of the nation’s 100 largest metropolitan areas had an overvalued housing market as of January, while 27 percent were undervalued and 38 percent were at value.
 
Furthermore, CoreLogic forecasted that the 2019 annual average home price will increase 3.4 percent above the 2018 annual average. On a month-over-month basis, CoreLogic predicted home prices will decrease by 0.9 percent from January to February.
 
“The spike in mortgage interest rates last fall chilled buyer activity and led to a slowdown in home sales and price growth,” said Frank Nothaft, Chief Economist for CoreLogic. “Fixed-rate mortgage rates have dropped 0.6 percentage points since November 2018 and today are lower than they were a year ago. With interest rates at this level, we expect a solid homebuying season this spring.”
Home prices in January rose by 4.4 percent from one year earlier, according to new data from CoreLogic
 
About the author
Phil Hall
Link copied
Published
Mar 05, 2019
Get the NMP Daily
Sales and Marketing
How Originators Are Getting First-Time Buyers To The Closing Table

Three originators shared their first-time buyer strategies during the latest installment of NMP Ignite

The Loan Originators helping first-time buyers in 2026 are not relying on a better mortgage rate to solve every affordability problem.During the latest NMP Ignite webinar, three originators shared distinct approaches to getting buyers to the closing table, from structuring s...

Continue reading
Regulation and Compliance
ROAD Act’s Housing Incentive May Be Too Small To Move Supply

Realtor.com finds the median city risks losing only about $84,000, although the policy could carry more weight in supply-starved Northeast and Midwest markets

A key housing-supply provision in the 21st Century ROAD to Housing Act may be too small to unlock meaningful purchase inventory in most markets, according to a Realtor.com analysis.The provision ties a portion of municipalities’ Community Development Block Grant funding to h...

Continue reading
Renew your NMLS License — for free.

Enjoy access to a free NMLS renewal class when you attend an in-person event.

Find an event
More from
Industry News
The Fed Held. The Mortgage Market Got A Warning.

Three policymakers favored an immediate hike, while Warsh welcomed higher bond yields and offered no clear path toward mortgage-rate relief

Industry News
Jul 30, 2026
New Study Finds UWM's 'All-In' Triggered Industrywide Pricing Spillovers

Research shows wholesale competitors responded to the 2021 Rocket ban by lowering mortgage rates,

Industry News
Jul 15, 2026
First Major Housing Reform In Decades Becomes Law Without Trump's Signature

Bipartisan ROAD to Housing Act advances supply, construction, and mortgage reforms despite White House protest

Industry News
Jul 10, 2026
Mortgage Star Conference Honors Women Shaping The Future Of Mortgage Leadership

MWLC honors leaders driving innovation, mentorship, and growth across the mortgage industry

Industry News
Jul 09, 2026
June Jobs Report Improves Mortgage Rate Outlook

Slower hiring strengthens bonds and eases concerns over additional Fed tightening

Industry News
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

Industry News
Jul 02, 2026