Skip to main content

Home Prices Up 3.6 Percent

Phil Hall
Oct 01, 2019
September’s pending home sales data marked a second consecutive month of increases

Home prices in August increased nationally by 3.6 percent year-over-year and were up 0.4 percent from the previous month, according to new data from CoreLogic.
Idaho was the only state to record double-digit year-over-year home price gains in August, up 11.6 percent, while Connecticut was the sole state recording a decline with a 0.5 percent dip. CoreLogic also determined that 37 percent of the nation’s 100 largest metro areas had an overvalued housing market in August, while 40 percent were at value and 23 percent were undervalued.
Looking ahead, CoreLogic is forecasting annual price growth of 5.8 percent by August 2020 and a 0.3 percent uptick from August to September of this year.
“The 3.6 percent increase in annual home price growth this August marked a big slowdown from a year earlier when the U.S. index was up 5.5 percent,” said Frank Nothaft, chief economist at CoreLogic. “While the slowdown in appreciation occurred across the country at all price points, it was most pronounced at the lower end of the market. Prices for the lowest-priced homes increased by 5.5 percent, compared with August 2018, when prices increased by 8.4 percent. This moderation in home-price growth should be welcome news to entry-level buyers.”

Oct 01, 2019
DOJ: Lakeland Bank To Spend $13M To Settle 'Redlining' Claims

Agreement with N.J. bank is the third-largest redlining settlement in Justice Department history.

Industry News
Sep 29, 2022
Angel Oak Layoffs Add To Growing List Of Non-QM Cuts

About 20% of its staff, or 75 people, were affected.

Industry News
Sep 28, 2022
Redwood Trust Names New Chief Investment Officer

Also announces planned CoreVest leadership transition to be completed on 3rd anniversary of acquisition

Industry News
Sep 27, 2022
Fannie Mae Pilot Program Seeks To Help Improve Renters' Credit

Renters, including historically underserved groups, will benefit from paying on time each month.

Industry News
Sep 27, 2022
Suffolk County Data Breach Puts Contracts On Back Burner

Cyberattack beginning Sept. 8 prevents title services from closing loans.

Sep 27, 2022
Nations Lending Opens Another Branch In Arizona

New Scottsdale branch welcomes Arizona native Christine McConnell as lead personal mortgage advisor.

Industry News
Sep 26, 2022