Thursday, November 7, 2024
HomeReal EstateCoreLogic’s US Home Price Insights – October 2024

CoreLogic’s US Home Price Insights – October 2024

-


According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 3.9% in August 2024 compared with August 2023.  On a month-over-month basis, home prices dropped by 1% in August 2024 compared with one year ago.

“While mortgage rates have dropped in recent weeks, August home sales were by still-high rates in July and August, which lowered affordability…The combined impact of high prices and high mortgage rates kept a lid on price growth, with annual gains falling to the lowest level in a year and the monthly gain falling well below what is typically observed in August. Price gains in August were driven by areas in the Northeast but brought down by softening markets in Texas and Florida.”   Said Dr. Selma Hepp, chief economist for CoreLogic.

Click here to read the full report at CoreLogic.

 



Source link

LATEST POSTS

Trump’s stock market victory rally might not last long, Goldman Sachs says. Here’s why

The Dow closed 1,500 points higher on Wednesday, boosted by Donald Trump’s decisive election win and a possible Republican-controlled Congress, signaling strong market optimism.Alongside...

Donald Trump net worth: How rich is the next US president?

Donald Trump has returned to the White House for his second term as the 47th US President after winning the 2024 election...

S&P CoreLogic Case-Shiller Sees 4.2% Annual Gain in August

“Home price growth is beginning to show signs of strain, recording the slowest annual gain since mortgage rates peaked in 2023…As students went back...

Bank of England rate cut: Bank of England cuts main interest rate by a quarter-point to 4.75% but sees higher inflation after Reeves’ budget

LONDON, - The Bank of England cut interest rates on Thursday for only the second time since 2020 and said future reductions were likely...

Most Popular

spot_img