CoreLogic: Home Prices Still Going Up

May 07, 2019

Home prices increased by 3.7 percent year-over-year and one percent month-over-month in March, according to new data from CoreLogic.

During March, CoreLogic estimated that 35 percent of the nation’s largest metro areas had overvalued housing markets, while 26 percent were undervalued and 39 percent were at value. Looking ahead, CoreLogic is forecasting home prices will rise by 4.8 percent on a year-over-year basis from March 2019 to March 2020 but will dip by 0.3 percent from March 2019 to April 2019.

“The U.S. housing market continues to cool, primarily due to some of our priciest markets moving into frigid waters,” said Ralph McLaughlin, Deputy Chief Economist at CoreLogic. “But the broader market looks more temperate as supply and demand come into balance. With mortgage rates flat and inventory picking up, we expect more buyers to take advantage of easing housing market headwinds.”

About the author

Phil Hall

Link copied

Published

May 07, 2019

People On The Move

James Brody, Esq. Now Owner Of New, National Compliance, Litigation Law Firm

JW Brody | Compliance & Litigation to serve IMBs, mortgage brokers, depositories, credit unions, and fintechs

James Brody, Esq., is blazing his own trail and has begun a new position as owner of the freshly launched JW Brody | Compliance & Litigation. Prior to this, Brody was senior partner at Garris Horn LLP, a national law firm focused on compliance, litigation, and transa...

Non-QM

A&D Mortgage Completes $427M Non-QM Securitization

Company says transaction highlights expansion in the Non-QM market, notes it expects to price more deals this year

A&D Mortgage, an issuer of Non-QM residential mortgage-backed securities, has closed its second securitization this year, along with Atlas Merchant Capital and Imperial Fund. The $426.67 million transaction marks the 25th issued with A&D-originated collateral and...