Tag Archives: home price appreciation

Five Texas metros topped the top 10 list of best places to purchase a home, according to a new study from WalletHub, which examined the strongest local real-estate markets throughout the U.S.

Metros where large shares of homeowners have recently moved are more likely to experience significantly higher home price appreciation, according to a new study from LendingTree, while renters are three times more likely to relocate than those who own their homes.

“While the continued imbalance between buyers and sellers continues to pressure home prices, June’s annual bump in price growth echoes economic resiliency, a thriving U.S. job market, and strong consumer spending,” said Selma Hepp, CoeLogic Chief Economist.

An upcoming webinar will forecast housing values over the next year, given the current market environment, as well as discussing loss mitigation decisioning.

About 7% of the 221 metropolitan areas tracked by the National Association of Realtors reported double-digit price gains in Q1, falling from 18% from Q4 2022.

Although Black homeowners experienced the smallest wealth gains among any other racial or ethnic group, homeowners were able to accumulate over $115,000 in wealth in the last decade, according to a new report from the National Association of Realtors.

According to the National Association of Realtors, the average price of a home rose to $378,700 in the fourth quarter of 2022.

A rise in mortgage rates over the past year and inflationary concerns have constrained the purchasing power of prospective buyers, resulting in home price declines of the past two quarters.

Eric Fox, Chief Economist at Veros, commented, “This decrease to an average depreciation of -0.5% over the next 12 months is the first time in over a decade that Veros’ average house price forecast has gone negative."

Ahead of the Federal Reserve’s Federal Open Market Committee Meeting on December 13-14, CoreLogic has announced the release of its latest Home Price Insights report, covering October 2022 along with forecasts for 2023.