CoreLogic: House Prices up 4.0% Year-Over-Year in January

January 2020 National Home Prices
Home prices nationwide, including distressed sales, increased year over year by 4% in January 2020 compared with January 2019 and increased month over month by 0.1% in January 2020 compared with December 2019.

Forecast Prices Nationally
The CoreLogic HPI Forecast indicates that home prices will increase by 5.4% on a year-over-year basis from January 2020 to January 2021. On a month-over-month basis, home prices are expected to increase by 0.2% from January 2020 to February 2020. The CoreLogic HPI Forecast is a projection of home prices using the CoreLogic HPI and other economic variables. Values are derived from state-level forecasts by weighting indices according to the number of owner-occupied households for each state.

“January marked the third consecutive month that annual home price growth accelerated in our national index, as low mortgage rates and rising income supported home sales. In February, mortgage rates fell to the lowest level in more than three years, which likely will spur additional home shopping activity and price appreciation.” - Dr. Frank Nothaft Chief Economist for CoreLogic