Forgot Password? | Print Page | Sign In | Create User Profile
News & Press: Industry News

CoreLogic Predicts Rising Prices - California Surpasses its Pre-Crisis Peak but Cooling

Monday, September 16, 2019  
Share |

CoreLogic is forecasting national home prices to increase 5.4% from July 2019 to July 2020, although home prices have been increasing in a narrow range of 3.3% to 3.9% over the past six months. CoreLogic reports that Idaho led the states in appreciation as it has for ten consecutive months, with annual appreciation of 11.5%. Of the seven states that had larger peak-to-trough declines than the national average, California, Idaho, and Michigan surpassed their nominal pre-crisis peaks as of July 2019. While annual price increases slowed in 39 states compared with a year earlier, the cooling was most pronounced in California, Nevada, South Dakota and Washington state according to CoreLogic. The question is how California prices will do in the next 12 months when cooling prices and a trade war face off against low interest rates and pent-up demand.

California Land Title Association

1215 K Street #1816 Sacramento, CA 95814-3905
Email:  |  Phone: 916-444-2647  |   Fax: 916-444-2851