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    You are at:Home»Data»CoreLogic’s HPI Says Home Prices Up 13.5% in August

    CoreLogic’s HPI Says Home Prices Up 13.5% in August

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    By Brad Beckett on October 12, 2022 Data, Residential

    corelogic logoAccording to the latest CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, increased year over year by 13.5% in August 2022. On a month-over-month basis, home prices declined by 0.7% in August compared with July 2022.  CoreLogic predicts that home prices will not increase on a month-over-month basis from August to September 2022, however, on a year-over-year basis they’re forecasting a 3.2% increase through August 2023.

    “The increased cost of homeownership has dampened buyer demand and caused prices to decelerate at a faster pace than initially expected. Housing markets on the West Coast and in the Mountain West, as well as second-home markets, recorded particularly strong price growth in the summer of 2021 but were the first to see month-over-month price declines during the same period this year…”  Said Selma Hepp, Interim Lead, Deputy Chief Economist for CoreLogic.

    Click here to read the full report at CoreLogic.

     

     

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