According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 5.8% in January 2024, which they say might be the highest rate of appreciation expected this year. CoreLogic says annual home price growth is projected to slow to 2.6% by January, 2025. The states of Rhode Island, New Jersey and Connecticut took the top three spots for annual home price gains for the fourth consecutive month.
“U.S. annual home price growth strengthened to 5.8% in January 2024…And while the acceleration continues to reflect the residual impact of strong appreciation in early 2023, the annual rate of growth is expected to taper off in coming months.” Said Dr. Selma Hepp, chief economist for CoreLogic.
Click here to read the full report at CoreLogic.
