CoreLogic: Home Prices Up 3.6 Percent – NMP
Industry News

CoreLogic: Home Prices Up 3.6 Percent

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.”
 
About the author
Phil Hall
Link copied
Published
Sep 03, 2019
Get the NMP Daily
Industry News
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Mortgage professionals hoping the recent rate rally had more room to run got some unwelcome news Friday.U.S. employers added 165,000 jobs in October, well above the 65,000 economists expected, according to the Bureau of Labor Statistics. The unemployment rate slipped to 4.1%...

Continue reading
Regulation and Compliance
West Capital LO Challenges Contractor Status, Required Fees

A former originator alleges unpaid overtime, recurring tech charges, and company restrictions that he says undermine his independent-contractor status

A former West Capital Lending LO is challenging the brokerage's independent-contractor model, alleging the company imposed extensive controls on originators while requiring them to pay hundreds of dollars in monthly fees and other business expenses.Paul Ko, who says he worke...

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
Strong Jobs Report Threatens Mortgage Rate Rally

October hiring more than doubled expectations, pushing Treasury yields higher

Industry News
Nov 06, 2026
Fed Holds Rates, But Pricing Pressures Persist

Rising Treasury yields and fresh inflation data complicate rate locks, borrower qualification, and lender margins as markets anticipate another hike in December

Industry News
Oct 29, 2026
Zippy Adds Capital For Manufactured-Home Lending Push

The $20 million investment from Saluda Grade will support expansion beyond 27 states and new loan products across wholesale, retail, and community channels

Industry News
Oct 16, 2026
Inflation Hits 3.7%, Putting Mortgage Rate Relief At Risk

September’s inflation pickup puts recent rate improvements at risk, potentially eroding affordability gains from lower home prices and seller concessions

Industry News
Oct 14, 2026
PLACE Acquires Ardley, Expanding Push To Turn Existing Borrowers Into New Loans

The latest deal connects borrower retention technology with Maxwell's origination platform and PLACE's real estate network, creating new opportunities for lenders

Industry News
Oct 09, 2026
Equifax, TransUnion Launch New Tools To Cut Credit Report Costs

Both bureaus introduce ways to purchase credit scores separately from reports, while Equifax reports growing VantageScore adoption and extends $1 pricing through 2028

Industry News
Oct 09, 2026