CoreLogic Insights Blog
The CoreLogic Home Price Index for May 2019 showed that home prices increased 3.6% nationwide from a year ago. The May increase was a slowdown from the 6.4% annual appreciation rate in May 2018. The slowdown in appreciation is occurring at the state level, as well. In May, 21 states posted year-over-year home price appreciation under 3%, the highest number since 2012 when the housing market was at the beginning of a recovery. A year ago, 15 of these 21 states had appreciation over 3%, with Washington state showing the largest deceleration, slowing from 12% appreciation in May 2018 to 2.6% appreciation in May 2019. The number of states with low appreciation has been steadily increasing since the end of 2017 when only four states recorded appreciation under 3%.
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