Home Prices Holding Steady Despite Initial Concerns: CoreLogic Reports Home Price Acceleration Continued in April, but a Decline is Looming
- The U.S. CoreLogic HPI was up 5.4% compared to April 2019, with gains in all states
- The HPI Forecast predicts the U.S. index will fall 1.3% from April 2020 to April 2021—after nine years of annual price gains, 2021 is forecasted to post an annual price decline
- CoreLogic Market Risk Indicators shows areas hit by downturns in tourism and oil and gas will experience largest home price declines
IRVINE, Calif. — (BUSINESS WIRE) — June 2, 2020 — CoreLogic® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for April 2020. Nationally, home prices increased by 5.4%, compared with April 2019. Home prices increased 1.4% in April 2020 compared with March of this year.
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CoreLogic National Home Price Change and Forecast; April 2020 (Graphic: Business Wire)
The home price acceleration in the April HPI was supported by increased homes sales in the first quarter of the year....