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
Click here to read the full report at CoreLogic.
The post CoreLogic Says Home Price Will Moderate in Near Term appeared first on Real Estate Investing Today.