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CoreLogic: Home Prices Up 12.4% for Year

Home prices nationwide continue to rise, but the pace of price increases is showing signs of slowing, according to the latest housing report from CoreLogic, which includes distressed sales. 

Home prices rose 0.9 percent in August from July — a much slower pace than the previous months, signaling the end to the summer selling season, CoreLogic notes.

“In addition to normal seasonality, the recent sharp rise in mortgage rates off their historic lows was a clear driver behind the slowdown,” says Anand Nallathambi, CoreLogic CEO. “We anticipate moderate gains in home prices over the balance of this year, supported by the recent downward trend in rates and continued tight supplies of homes in many markets.”

Still, home prices were up 12.4 percent nationwide year-over-year in August, CoreLogic reports. 

The following states had the highest home price increases in August, according to CoreLogic: 

  • Nevada: +25.9% year-over-year
  • California: +23.1% year-over-year
  • Arizona: +16.4% year-over-year
  • Wyoming: +15% year-over-year
  • Georgia: +14.8% year-over-year

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Posted In: EHR News

About The Author

Joseph Sabeh Jr.

Please let me introduce myself, I am Joseph Sabeh, Jr a full time licensed professional realtor. I have been with Executive Homes Realty for over 13 years and was trained by my late father and Broker, Joseph Sabeh. I recently incorporated the company and we moved the office to 43513 Mission Blvd just last summer. I could not have found a more honorable place to work. After earning my experience selling high end Ralph Lauren suits and studying business management in southern California, I decided to pursue my dream of selling real estate and working with my father. He had already had such an excellent reputation and established a niche market of high end clientele that catered to the very best. I wanted to become the consummate professional just like him and have strived to become just that being just a phone call or email away from getting back to my client’s immediate needs! Known by my clients for my tenacity, perseverance , and excellence in negotia- tion(Certified Negotiation Expert), I have always strived to meet my clients high demands and goals. As a result of my professionalism, I have achieved an extensive portfolio of referrals from past and present clients. I credit my current values from my upbringing of my parents and the credit is due to them without question. Their integrity, pride, and willingness to sacrifice for the better of my life and my sister’s always left a mark on me that one day I will pass on. Their desire to achieve a better life and live it to the fullest is one that some families dream of and I certainly am appreciative of all of the education and etiquette I have learned from them both. I have sold condos up to 3.2 million dollar homes and I am here for any and all of your future real estate needs and wishing you the very best experience in your future real estate endeavors with me.

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