Sunday, 25 September 2022 | The Latest Buzz for the Appraisal Industry

Home Prices will Continue Annual Winning Streak

By Jann Swanson

Posted To: MND NewsWire

Home prices are projected to finish out the year with a downtick although prices will still be significantly higher than at the same point in 2013. CoreLogic said today that home prices in November were 0.1 percent higher than in October but are expected to decline by that same amount in December. In addition to posting a small month-over-month increase CoreLogic’s Home Price Index (HPI) including distressed sales (lender-owned property or REO and short sales) was up 5.5 percent compared to November 2013. November was the 33 rd consecutive month that home prices have increased nationally on an annual basis. All 50 states and the District of Columbia posted year-over-year increases in November when distressed sales are included in the equation. The five states with the highest home price appreciation…(read more)

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