CoreLogic Says Single-Family Home Price Appreciation was 5.3% in April

According to the most recent CoreLogic Home Price Insights (HPI) report, home prices nationwide, including distressed sales, rose by 5.3% year over year in April 2024, which is consistent with March. However, CoreLogic predicts that by Spring 2025, national price gains will slow to 3.4%, with only a few states seeing increases of more than 6%. Dr. Selma Hepp, chief economist for CoreLogic, stated that the growth in home prices is slowing due to the comparison with a strong spring in 2023, and the increase in mortgage rates this year has dampened some of the usual spring homebuyer demand. For more details, you can read the full report on CoreLogic’s website.

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