Annual Home Price Growth Accelerates Anew – NMP
Industry News

Annual Home Price Growth Accelerates Anew

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.”
 
About the author
Phil Hall
Link copied
Published
Jun 04, 2019
Get the NMP Daily
Wholesale
Rocket Pro Broadens Refi Pricing Push, Extends 100-BPS Purchase Credit

August Power Play reaches beyond cash-out refinances while pairing near-term pricing incentives with a longer-term broker technology play

Rocket Pro is broadening its refinance incentive and extending its stacked purchase credit for August, giving mortgage brokers another reason to revisit past clients while elevated rates continue to limit origination volume.The wholesale lender’s August Power Play increases ...

Continue reading
Non-QM
Angel Oak Boosts Non-QM, HELOC Purchases 39% In Q2

Executives point to healthy securitization demand and fresh capital for additional loan purchases during the mortgage REIT’s second-quarter earnings call

Angel Oak Mortgage REIT purchased $204 million in newly originated Non-QM mortgages and home equity lines of credit during the second quarter, up approximately 39% from a year earlier but down 17% from the first quarter.The results, combined with two securitizations complete...

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