CoreLogic Insights Blog
The CoreLogic HPI for February 2019 showed that home prices increased 4 percent year over year. This was the lowest level of appreciation since June 2012, in the early days of the housing recovery. There is some indication that the slowdown may be temporary. The CoreLogic HPI forecast predicts slightly higher appreciation – of 4.7 percent – by February 2020. Mortgage rates, which are expected to remain low for the rest of the year, should be a boost to homebuying, which could lead to a to a pickup in home prices.
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