CoreLogic Price Gains Moderating, But Expected to Increase This Year

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Posted To: MND NewsWire

It is our first glance at home prices in the new year and CoreLogic estimates the rate of appreciation has fallen by more than 2 percentage points since January 2018. However, the company also predicts a small uptick in the rate of increase over the next 12 months. CoreLogic’s Home Price Insights report for January has an increase in its Home Price Index (HPI), which includes sales of distressed properties, of 0.1 percent from December 2018 to January and puts it 4.4 percent higher than the previous January. The HPI gained 6.6 percent in the 12 months that ended in January 2018. The company’s President and CEO Frank Martell said, “The slowing growth in home prices was inevitable in many respects as buyers pull back in the face of higher borrowing and ownership costs. As we head into 2019, we…(read more)

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