• Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Dividend Stocks Report
No Result
View All Result
Home Stock News

CoreLogic: House Prices up 18% YoY in October

by
December 8, 2021
in Stock News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Tesla Stock Rises Again. It’s About the Cybertruck This Time.

Debt Ceiling Deal Spurs the Market

Bonds Are Back. Where Vanguard’s Bond Boss Sees Value Now.

CoreLogic: 1.2 million Homeowners with Negative Equity in Q1 2023

by Calculated Risk on 12/07/2021 08:00:00 AM

Notes: This CoreLogic House Price Index report is for October. The recent Case-Shiller index release was for September. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA).

From CoreLogic: US Annual Home Price Growth at a Record 18% in October, CoreLogic Reports

CoreLogic(R) … today released the CoreLogic Home Price Index (HPI(TM)) and HPI Forecast(TM) for October 2021.

U.S. annual home price growth remained strong at 18% in October, the highest recorded in the 45-year history of the index. Nonetheless, monthly price growth has slowed from its April peak and signals a moderation in price growth that the CoreLogic HPI Forecast projects will continue to slow in coming months.

Despite affordability challenges, a recent CoreLogic consumer survey shows that over half of respondents across every age cohort said that owning a home has always been a goal of theirs — further supporting the outlook that consumer desire for homeownership remains.

“New household formation, investor purchases and pandemic-related factors driving demand for the limited supply of available for-sale homes continues to propel the upward spiral of U.S. home prices,” said Frank Martell, president and CEO of CoreLogic. “However, we expect home price growth to moderate over the near term as many buyers take a break for the holidays.”
…
Nationally, home prices increased 18% in October 2021, compared to October 2020. On a month-over-month basis, home prices increased by 1.3% compared to September 2021.
…
Home price gains are projected to slow to a 2.5% increase by October 2022 as affordability and economic concerns deter some potential buyers and additional for-sale inventory becomes available.

“Single-family detached houses remain the preferred home for buyers during the pandemic,” said Dr. Frank Nothaft, chief economist at CoreLogic. “This is reflected in the 19.5% annual price rise for detached houses, which marks another record-high for the CoreLogic Home Price Index.”
emphasis added

Next Post

Warren Buffett is holding these stocks for the huge free cash flow — with inflation at a 31-year high, you should too

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Stock News

Debt Ceiling Deal Spurs the Market

by
June 8, 2023
0

Read more

Debt Ceiling Deal Spurs the Market

Tesla Stock Rises Again. It’s About the Cybertruck This Time.

Bonds Are Back. Where Vanguard’s Bond Boss Sees Value Now.

CoreLogic: 1.2 million Homeowners with Negative Equity in Q1 2023

Weekly Initial Unemployment Claims increased to 261,000

‘Lithium Batteries Are the New Oil,’ According to Elon Musk — Here Are 2 Stocks to Take Advantage

Load More

All rights reserved by www.dividendstocksreport.net

  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Stock News
  • Privacy Policy
  • Email Whitelisting

© 2023 JNews - Premium WordPress news & magazine theme by Jegtheme.