bee Calculated Risk On 3/05/2025 03:25:00 PM
Notes: This Corelogic House Price Index Report is for January. The Recent Case-Shiller Index Release was for December. The Corelogic HPI is a three-month weighted average and is not seasonally adjusted (NSA).
From Corelogic: Corelogic: Home Price Growth Larlly Flat in January
US Home Price Growth In January 2025 Was Largly Flat At 3.3% Year Over Year. Although prices are expected to eek out gains in the coming year, with our economists predicting a 3.6% increase from January 2025 to January 2026, there are Stark differences between Regions.
The Northeast Continues to Buck Overall National Trends, Raining Unbothered by Slower Job Growth, Elevated Interest Rates, and Ongoing Affordability Concerns. Meanwhile, in the mountain West, prices are the further from their record highs. In Hawaii, prices declined by 4.4%.
Despite this, National Single-Family Home Prices are forecast to reach a new peak in march 2025. Currently, the median sales price for all single-family homes in the US is $ 375,000.
“Flattening Home Price Changes Over the Last Six Months Suggest further price deceleration is ahead,” said Dr. Selma Hepp, Corelogic Chief Economist. “More importantly, compressed monthly changes highlight the general lack of home-buying demand that continues to characterize the current housing market. While this year's cold winter and large natural disasters play a role in vaporing demand, Falling consumer sentiment suggests potential homebuyers are wary of the short-term economic outlook and future inflation. Nevertheless, with the Spring Home Buying Season Upon US, the recent improvements in mortgage rates may help invite homebuyers back into the market. ”
Emphasis added
This was the smaller yoy increase as reported for December.
This map is from the report.
• Corelogic analysis suggests that florida markets are continuing to fall out of favor while Western New York is gaining popularity.
• Our Economists Antiation Further Price Deceleration in 2025, although recent improvements in mortgage rates may spur homebuying this jump.
• National Home Price Growth is flat on a monthly basis. Annual Home Price Growth is Tracking Just Above inflation.
• Florida and Arizona top the charts for markets where the risk of price decline is very high.