According to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 4.7% in October, 2023 – marking the the 141st straight month of annual appreciation. On a month-over-month basis, home prices increased by 0.2% in October compared with September. CoreLogic predicts that home prices will increase 2.9% through October 2024.
“Home price growth maintained its upward momentum in October, which continues to reflect gains from the strong spring season and contrasts with last year’s home price declines…But even with high mortgage rates, October’s price gains line up with historical trends and speak to the strength of some potential buyers’ purchasing power, as they continue to outnumber available homes for sale.” said Dr. Selma Hepp, chief economist for CoreLogic.
Click here to read the full report at CoreLogic.
