Stay updated with breaking news from Corelogic deputy. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Annual home price increases fell back into single digits in October. Both the S&P CoreLogic Case-Shiller and Federal Housing Finance Agency’s (FHFA’s) Home Price Index reported that rising interest rates have essentially ended two years of explosive appreciation, and in many cases, home prices have begun to decline. The Case-Shiller National Index, which covers all nine U.S. census divisions, rose 9.2 percent year-over-year in October, compared to a 10.7 percent increase the previous month. The 10-City Composite annual increase came in at 8.0 percent, 1.6 percentage points lower than in October, while the 20-City Composite’s gain was 8.6 percent, down from 10.4 percent. All 20 cities reported lower price increases in the year ending in October versus the year that ended in September. Some cities still show exceptional annual growth. Miami led the way with a 21 percent year-over-year price increase, followed by Tampa with a 20.5 percent increase, and ....
Annual home price growth remained in double digits in September even as home sales and purchase mortgage volume continued their months’ long declines. The CoreLogic Home Price Index (HPI), the earliest look each month at prices two months prior, rose by 11.4 percent in September 2022 compared with the same month in 2021 . While appreciation remains high, even in the face of skyrocketing mortgage rates, they have declined significantly from the annual pace in both March and April of 20.9 percent. Month-over-month changes turned negative in July. From August to September the growth rate declined by 0.5 percent. Selma Hepp, CoreLogic’s Deputy Chief Economist said,” The rapid increase in prices during the COVID-19 pandemic caused many U.S. housing markets to reach completely unaffordable levels for potential local homebuyers. On the West Coast and in Mountain-West states, home prices are slowing from this spring’s high but remain elevated from a year ago. B ....
Home prices decreased slightly on a monthly basis in July, and annual growth decelerated, according to Case-Shiller. Here's how you can take advantage of your home equity. ....
Home prices decreased slightly on a monthly basis in July, and annual growth decelerated, according to Case-Shiller. Here's how you can take advantage of your home equity. ....
Home prices decreased slightly on a monthly basis in July, and annual growth decelerated, according to Case-Shiller. Here's how you can take advantage of your home equity. ....