CoreLogic Says Home Price Will Moderate in Near Term
According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 18% year-over-year in October. CoreLogic predicts that home prices will increase on a month-over-month basis by 0.2% through November, 2021, and on a year-over-year basis by 2.5% through October, 2022.
“New household formation, investor purchases and pandemic-related factors driving demand for the limited supply of available for-sale homes continues to propel the upward spiral of U.S. home prices. However, we expect home price growth to moderate over the near term as many buyers take a break for the holidays.” -Frank Martell, President and CEO of CoreLogic
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