According to the latest CoreLogic Home Price Index (HPI) Report, home prices (including distressed sales) were up 3.6% year-over-year in May, 2019. CoreLogic predicts that home prices will increase by 5.6% on a year-over-year basis from through May, 2020. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.
“The recent and forecasted acceleration in home prices is a good and bad thing at the same time. Higher prices and a lack of affordable homes are two of the most challenging issues in housing today, and every buyer, seller and industry participant is being impacted. The long-term solution lies in expanding supply, which will require aggressive and effective collaboration between policy makers, state and local government entities and home builders.” Frank Martell President and CEO of CoreLogic