Home Price Index Audio Clip: December 2019

By Molly Boesel Housing Affordability, Real Estate

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The CoreLogic HPI full year 2019 numbers are in, and they show a large slowdown in home price appreciation for the year with a little upswing at the end of the year. Home prices increased 3.6% for the full year 2019 compared with the full year 2018. The 2019 full year appreciation rate was more than 2 percentage points lower than the full year 2018 appreciation rate of 5.8% and was the slowest full year showing since the start of the housing recovery in 2011. Home price growth started last year off at 4.2% in January, dipped down to 3.3% in late summer, but then started climbing back in November, reaching 4% at the end of the year. The upswing in appreciation is expected to continue with predicted full year home price appreciation of 4.6% for 2020.

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