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According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 3.4% in November, 2024. CoreLogic predicts that home prices will increase 3.8% through November 2025. In addition, they say despite pockets of decline, national prices are continuing to trend upward, even in the off-season.
“Heading into the end of the year, home prices remained relatively flat though showing some marginal improvement from the weakness seen moving into the fall and following the cooling of homebuyer demand amid the summer mortgage rate surge. Nevertheless, the cooling home price growth trend is expected to continue well into 2025, partly due to the base effect and comparison with strong early 2023 price appreciation and partly due to higher mortgage rates coming into this year and the expectations of higher rates over the course of 2025.” said Dr. Selma Hepp, chief economist for CoreLogic.
Click here to read the full report at CoreLogic.
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