According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased 18.1% year-over-year in November. CoreLogic predicts that home prices will remain flat on a month-over-month basis through December, 2021, and on a year-over-year basis by 2.8% through December, 2022.
“Over the past year, we have seen one of the most robust seller’s markets in a generation. While increased interest rates may help cool down homebuying activity, we expect 2022 to be another strong year with continuing upward price growth.” – Frank Martell President and CEO of CoreLogic
Click here to read the full report at CoreLogic.