Skip to main content

CoreLogic: Home Prices Up 3.5 Percent

Nov 05, 2019
Home prices during September increased nationally by 3.5 percent from one year earlier and were also up by 0.4 percent from August

Home prices during September increased nationally by 3.5 percent from one year earlier and were also up by 0.4 percent from August, according to data from CoreLogic.
 
Among the states, Idaho had the greatest annual price gains with an 11.8 percent spike. No state had negative growth, and only Connecticut was unchanged from the September 2018 activity.
 
CoreLogic also reported that 36 percent of the nation’s 100 largest metropolitan areas had an overvalued housing market as of September, while 41 percent were at value and 23 percent were undervalue.
 
“Mortgage rates were a full percentage point lower this September compared to a year ago, boosting affordability for first-time buyers and supporting a rise in homeownership,” said Frank Nothaft, chief economist at CoreLogic. “In addition to lower interest rates, personal income grew faster than home prices during the past year. This provided an additional lift for first-time buyer affordability and helped to boost the homeownership rate to the highest level in more than five years.”
 
And as home prices increased nationwide, the national level of housing market inventory saw a year-over-year drop of nearly 98,000 listings in October, according to data from Realtor.com.

 
About the author
Published
Nov 05, 2019
Early Voters Flag U.S. Economy As Top Issue

More Americans think mortgage rates will fall if Trump wins

Nov 04, 2024
Freddie Mac's Q3 Earnings Boost Net Worth To $56 Billion

Lower rates usher in more purchase and refinance activity

Oct 30, 2024
HUD Pledges $12 Million To Boost Housing Affordability

Grant funding from HUD’s Self-Help Homeownership Opportunity Program (SHOP) enables eligible organizations to acquire land, enhance infrastructure, and build housing

Oct 30, 2024
Insurance Crisis Hits Lenders' Bottom Lines

While monthly principal, interest, and property tax obligations are up an average 15-17% since the beginning of 2020, the average monthly property insurance payment is up a staggering 52% over that same period.

Oct 30, 2024
Major Housing Agencies Return With Bold Changes At MBA Convention

Fannie, Freddie, and HUD revive key announcements, rolling out expanded appraisal waivers and transparency initiatives

Oct 29, 2024
Freddie Repurchase Pilot Opening To All

The GSE will expand its performing loan repurchase pilot to all lenders beginning in the first quarter of 2025.

Oct 29, 2024