According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 5.5% in February 2024. CoreLogic says annual home price growth is projected to drop to 3.1% by February, 2025. In addition, they say U.S. annual home price growth remained mostly consistent with numbers seen since last fall in February but finally slowed as the residual impact of comparing gains with weak 2022 home prices wore off.
“Home price growth pivoted in February, as the impact of the January 2023 Home Price Index bottom finally faded…As a result, the U.S. should begin to see slowing annual home price gains moving forward” Said Dr. Selma Hepp, chief economist for CoreLogic.
Click here to read the full report at CoreLogic.
