by Calculated Risk on 2/04/2020 09:02:00 AM
Tuesday, February 04, 2020
Notes: This CoreLogic House Price Index report is for December. The recent Case-Shiller index release was for November. The CoreLogic HPI is a three month weighted average and is not seasonally adjusted (NSA).
From CoreLogic: CoreLogic Reports December Home Prices Increased by 4.0% Year Over Year
Home prices nationwide, including distressed sales, increased year over year by 4% in December 2019 compared with December 2018 and increased month over month by 0.3% in December 2019 compared with November 2019.CR Note: The YoY change in the CoreLogic index decreased over the last year, but lately the YoY change has been increasing.
“Moderately priced homes are in high demand and short supply, pushing up values and eroding affordability for first-time buyers. Homes that sold for 25% or more below the local median price experienced a 5.9% price gain in 2019, compared with a 3.7% gain for homes that sold for 25% or more above the median.” Dr. Frank Nothaft, Chief Economist for CoreLogic