CoreLogic Reports December Home Prices Increased by 4.7 Percent
- Twelve-month home-price growth rate was slowest since August 2012
- Annual average price growth in 2018 was 5.8 percent, with annual average price growth forecast to slow in 2019 to 3.4 percent
- After peaking in March, December marked the ninth consecutive month of decelerating annual HPI growth in the United States
IRVINE, Calif. — (BUSINESS WIRE) — February 5, 2019 — 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 December 2018, which shows home prices rose both year over year and month over month. Home prices increased nationally by 4.7 percent year over year from December 2017. On a month-over-month basis, prices increased by 0.1 percent in December 2018. ( November 2018 data was revised. Revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results each month.)
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CoreLogic National Home Price Change; December 2018. (Graphic: Business Wire)
Looking ahead, the CoreLogic HPI Forecast indicates home prices will increase by 4.6 percent on a year-over-year...