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The Week Ahead: Forecasting Home Price Trends

On Tuesday, May 1, CoreLogic will release the latest installment of its Home Price Insights Report. Tied to CoreLogic’s Home Price Index, the Home Price Insights Report tracks and forecasts home price trends across more than 6,700 ZIP codes, more than a thousand counties, and over 900 core-based statistical areas.

The most recent release of CoreLogic’s Home Price Index (HPI), published on April 3, 2018, and covering the month of February 2018, found that national home prices were up over 52 percent since bottoming out in March 2011. National prices increased 6.7 percent year-over-year, according to the HPI, and CoreLogic Principal Economist Molly Boesel forecasts that they will rise 4.7 percent over the next year. Adjusting for inflation, home prices in February were still 16 percent below their 2006 peak.

Here’s what else is happening in The Week Ahead.

  • National Association of Realtors Pending Home Sales Index, Monday, 10 a.m. ET
  • Census Bureau Construction Spending Report, Tuesday, 10 a.m. ET
  • Ellie Mae Millennial Tracker, Wednesday
  • MBA Mortgage Apps, Wednesday, 7 a.m. ET
  • Federal Open Market Committee Meeting Announcement, Wednesday, 2 p.m. ET
  • Federal Reserve Balance Sheet, Thursday, 4.30 p.m. ET
  • Census Bureau Jobs Report, Friday, 8.30 a.m. ET

About Author: David Wharton

David Wharton, Editor-in-Chief at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has nearly 20 years' experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. He can be reached at [email protected].

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