Home Prices Aren't Done Setting Records

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Home Prices Aren’t Done Setting Records

Home Prices Aren't Done Setting Records Yet CoreLogic released its Home Price Index for January today, showing year-over-year price appreciation of 19.1% nationally. That's the highest rate of appreciation since this data series began in 1976. This trend accelerated into the middle of 2021, but higher priced homes have been catching up since then. As always, appreciation varied significantly depending on the state. This commentary is notable in light of the past 2 days of developments in the mortgage market where rates have fallen at the fastest 48-hour pace since the start of the pandemic. Home price gains are projected to slow to a 3.8% annual increase by January 2023. Start Your Home Search Today!HomesInOrlando.ForSale

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