Skip to main content

CoreLogic: Home Prices Up 3.6 Percent

Phil Hall
Sep 03, 2019
Photo credit: Getty Images/welcomia

Home prices in July increased nationally by 3.6 percent from one year earlier and by 0.5 percent from June, according to new data from CoreLogic.
Idaho was the sole state to record a double-digit year-over-year price gain with an 11.5 percent spike, while Connecticut and South Dakota saw declines by 0.3 percent and 3.4 percent, respectively. CoreLogic also determined that 37 percent of top 100 metropolitan areas had an overvalued housing market in July, with 40 percent of the areas being at value and 23 percent being undervalued.
Looking ahead, CoreLogic forecast the annual price growth on home sales will increase by 5.4 percent in the 12 months ending July 2020, while the month-over-month measurement from July to August will see a 0.4 percent uptick.
“Sales of new and existing homes this July were up from a year ago, supported by low mortgage rates and rising family income,” said Frank Nothaft, Chief Economist at CoreLogic. “With the for-sale inventory remaining low in many markets, the pick-up in buying has nudged price growth up. If low interest rates and rising income continue, then we expect home-price growth will strengthen over the coming year.”

Biden Appoints Sandra Thompson As Acting Director Of The FHFA

The White House appointed Sandra L. Thompson as acting director of the Federal Housing Finance Agency (FHFA), effective immediately. Her statement reveals that a permanent director will be confirmed in December.

Regulation and Compliance
Jun 24, 2021
Supreme Court Gives Biden Full Control Over Federal Housing Finance Agency

The U.S. Supreme Court gave President Joe Biden the authority to remove the head of the Federal Housing Finance Agency (FHFA) while dismissing claims from shareholders of Fannie Mae and Freddie Mac.

Industry News
Jun 23, 2021
Ocwen Financial To Acquire Reverse Mortgage Servicing Platform

Ocwen Financial Corporation's wholly-owned subsidiary, PHH Mortgage Corporation will acquire RMS' reverse mortgage servicing platform.

Industry News
Jun 18, 2021
UniteCT Emergency Rental Assistance Succeeds

Thanks to the successful launch of the UniteCT program, emergency rental assistance funds are helping Connecticut residents maintain housing.

Industry News
Jun 17, 2021
Angel Oak Mortgage Announces Initial Public Offering

Angel Oak Mortgage announced its initial public offering of 7,200,000 shares of its common stock at $19 per share.

Industry News
Jun 17, 2021
Mortgage Apps Rebound After Three Consecutive Weeks Of Declines

The Mortgage Bankers Association reported the first increase in mortgage applications after a three consecutive weeks on declines.

Industry News
Jun 17, 2021