Industry News

Annual Home Price Growth Accelerates Anew

Phil Hall
Jun 04, 2019
Economists Predict Housing Starts Will Spike in 2022

For the first time since March 2018, annual home price growth has shown signs of renewed upward movement, according to new data from CoreLogic.
 
During April, home prices increased nationally by 3.6 percent year-over-year, which prices were up by one percent from March. Idaho was the only state in April to record double-digit annual growth at 10.3 percent, while Connecticut and North Dakota were only states with negative growth at -0.3 percent and -5 percent, respectively. CoreLogic also reported that 37 percent of the nation’s 100 largest metropolitan areas had an overvalued housing market in April, while 37 percent were at value and 26 percent were undervalued.
 
Looking ahead, CoreLogic forecast home prices will increase by 4.7 percent from April 2019 to April 2020 but will dip by 0.3 percent April 2019 to May 2019.
 
“The pickup in sales between March and April, has helped to counter the recent slowing in annual home-price growth,” said Frank Nothaft, chief economist at CoreLogic. “Mortgage rates are 0.6 percentage points below what they were one year ago and incomes are up, which has improved affordability for buyers. However, price growth has remained the highest for lower-priced homes, constraining housing choices for first-time buyers.”
 
Link copied
Published
Jun 04, 2019
Get the NMP Daily
Courts
Triumph In Texas: Combatting 'Pay-to-Pay' Fees

Bailey Glasser secures class action victory against fees for paying mortgages by phone.

Bailey & Glasser LLP, representing a group of consumers who were unfairly charged fees solely for making phone payments on their mortgages, achieved a substantial summary judgment triumph in a class action case in a federal district court in Houston, Texas. The legal ac...

Continue reading
Industry News
Fannie Mae Introduces Spanish-Language Homebuyer Education Program

The new platform, HomeView en Español, aims to bridge language barriers hindering Hispanic-Americans from purchasing homes..

Fannie Mae has unveiled HomeView en Español, a digital platform tailored to provide Spanish-speaking consumers with accessible information on financial literacy and homeownership. The platform, available 24/7, allows users to either independently navigate the content or seek...

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
Fannie Mae Introduces Spanish-Language Homebuyer Education Program

The new platform, HomeView en Español, aims to bridge language barriers hindering Hispanic-Americans from purchasing homes..

Industry News
Sep 29, 2023
Layoffs At Better.com

After a rocky market debut, Better.com has laid off staff.

Industry News
Sep 25, 2023
CFPB Issues Guidance On AI In Credit Underwriting

Creditors must provide specific and accurate reasons for credit denials, even with complex AI models.

Industry News
Sep 19, 2023
Intercontinental Exchange Completes Black Knight Acquisition; Births Dark Matter Technologies Under Constellation Software

Rich Gagliano takes the helm at Dark Matter Technologies, poised to lead the future of Empower LOS with a 1,300-strong team, blending startup agility with decades of industry experience.

Industry News
Sep 18, 2023
FHFA Invites Public Engagement On Modernized Credit Score Transition

Stakeholder forums and listening sessions planned to ensure seamless rollout; extended timeline for bi-merge credit report requirement in play.

Industry News
Sep 11, 2023
Desperation Drives Difficulty in Closing Mortgages in California

Analysis reveals California among top 20 toughest states for mortgage closures.

Industry News
Sep 11, 2023