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.”

 
Published
Oct 01, 2019
ChainLogix Appoints New Vice President, Operations

Jeryl Graham hired to accelerate growth in title & mortgage services.

Industry News
Oct 15, 2021
JPMorgan Chase To Commit $8.4M To Improve Household Stability For The Underserved

JPMorgan Chase announced six organizations that will receive philanthropic capital as part of the firm’s $400 million five-year commitment to improve housing affordability and stability for Black, Hispanic and Latino, and other underserved households.

Community
Oct 15, 2021
SRE Mortgage Alliance 'Restructuring & Reorganizing'

Owner of technology-based wholesale residential mortgage lender in El Segundo to determine organization's future.

Wholesale
Oct 15, 2021
Ginnie Mae Issued Record MBS Volume In FY2021

The record $939 billion issued included nearly $73 billion in September.

Industry News
Oct 14, 2021
UWM Completes Test Of Cryptocurrency Mortgage Payments

United Wholesale Mortgage evaluated and accepted the first-ever cryptocurrency mortgage payment in September and an additional five payments in October from borrowers.

Industry News
Oct 14, 2021
Arvielo Re-Appointed To HUD Advisory Committee

Nationwide mortgage lender New American Funding’s Co-Founder and President Patty Arvielo has been re-appointed to serve on the U.S. Department of Housing & Urban Development's Housing Counseling Federal Advisory Committee.

Industry News
Oct 13, 2021