CoreLogic Says Single-Family Home Price Appreciation was 5.3% in April

According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 5.3% in April, 2024 – the same as March.  Howevr, CoreLogic prodecits that by Spring 2025, national price gains are projected to slow to 3.4%, with only a few states putting up increases of higher than 6%.  Indeed…

“Home price growth continues to slow, as a comparison with a strong 2023 spring is still impacting year-over-year differences…Nevertheless, the April uptick in mortgage rates to this year’s high has cooled some of the typical spring homebuyer demand, which pulled monthly gains of 1.1% below the March-to-April average.”   Said Dr. Selma Hepp, chief economist for CoreLogic.

Click here to read the full report at CoreLogic.