Skip to main content

CoreLogic: Home Prices Up Four Percent

Phil Hall
Apr 02, 2019
Home prices in February rose by four percent from the previous year and inched up by 0.7 percent from the previous month

Home prices in February rose by four percent from the previous year and inched up by 0.7 percent from the previous month, according to new data from CoreLogic.
 
Idaho was the only state to record double-digit year-over-year gains in home prices with a 10.2 percent increase, while North Dakota was the sole state with negative growth via its 1.7 percent decline. Furthermore, CoreLogic reported that 35 percent of the nation’s 100 largest metro areas had an overvalued housing market in February, while 27 percent of these metro areas were undervalued and 38 percent were at value.
 
CoreLogic also forecasted home prices will rise by 4.7 percent on a year-over-year basis from February 2019 to February 2020 but will drop by 0.5 percent from February 2019 to March 2019.
 
“During the first two months of the year, home-price growth continued to decelerate,” said Frank Nothaft, Chief Economist for CoreLogic. “This is the opposite of what we saw the last two years when price growth accelerated early. With the Federal Reserve’s announcement to keep short-term interest rates where they are for the rest of the year, we expect mortgage rates to remain low and be a boost for the spring buying season. A strong buying season could lead to a pickup in home-price growth later this year.”
Home prices in February rose by four percent from the previous year and inched up by 0.7 percent from the previous month

 
Published
Apr 02, 2019
Federal Regulators Race To Address Cryptocurrency Risks

Cryptocurrency is quickly morphing into a volatile but widely embraced innovation, and federal regulators are racing to address the potential risks to consumers and the market. 

Industry News
Sep 24, 2021
MBA Initiative Seeks To Close Racial Homeownership Gap

Says its advocacy, partnerships & connections will help increase opportunities for minority borrowers

Industry News
Sep 24, 2021
Guaranteed Rate Opens New Branch In Southwestern Michigan

Guaranteed Rate expanded its presence in Southwester Michigan, after opening a new branch in St. Joseph

Industry News
Sep 22, 2021
Chinese Property Giant Evergrande Falters, Threatening U.S. Investors

On Monday, investors across three continents dumped their stocks, mainly out of fear that the world’s two largest governments — the United States and China — would undercut the beginnings of a global economic recovery. 

Industry News
Sep 22, 2021
Compass Mortgage Expands In Four Additional States

Compass Mortgage is now licensed in Virginia, Washington, North Carolina and South Carolina.

Industry News
Sep 22, 2021
Enact Holdings Completes IPO

Genworth Financial Inc. announced the completion of the initial public offering for its subsidiary Enact Holdings Inc.

Industry News
Sep 21, 2021