The equity blessings of rapid home price growth bear the curse of property-tax sticker shock
Tagged: CoreLogic
But, three consecutive months of rising consumer prices flash a warning signal for 2025
Lackluster investor interest and industry consolidation are taking their toll on the market's liquidity
“I am surprised to have seen some of the increases in home prices," CoreLogic's chief economist says.
As affordability pressures persist and inventory rises, analysts see slower gains in 2025, 2026.
Northeast markets show strong annual gains in October, despite "slower job growth" and "affordability concerns."
Affordability is improving, the National Association of Realtors reports
CoreLogic economists expect the growth rate to slow to 2.3% by next fall
Nonfarm payrolls increased by only 12,000 as strikes in the airline industry and recent hurricanes distorted the data collected.
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.