Boston Real Estate Investors Association

Home Prices Were Heating Up Prior to the Coronavirus Outbreak

Home Prices Were Heating Up Prior to the Coronavirus Outbreak

According to CoreLogic, home prices across the nation were beginning to “heat up” just prior to the Coronavirus outbreak and subsequent national emergency.  Their latest CoreLogic Home Price Index (HPI) Report for February said that prices increased 4.1% year over year and has been increasing on a year-over-year basis every month since February, 2012.  In addition, they point out that as of February, the overall HPI was 10.1% higher than its pre-crisis peak in April 2006, just before the start of the 2007 financial crisis.  Indeed…

“The HPI has gained 63.6% since hitting bottom in March 2011. As of February 2020, the overall HPI was 10.1% higher than its pre-crisis peak in April 2006, just before the start of the 2007 financial crisis. Adjusted for inflation, U.S. home prices increased 2.2% year over year in February 2020 and were 11.2% below their 2006 peak…”

Click here to read the full report at Corelogic.com.

 

The post Home Prices Were Heating Up Prior to the Coronavirus Outbreak appeared first on Real Estate Investing Today.

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