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CoreLogic Expects 2021 to see First Home Price Decline in 9 Years

Friday, July 10, 2020   /   by Erik Bjorklund

CoreLogic Expects 2021 to see First Home Price Decline in 9 Years

CoreLogic's report on April
home prices, the first for that month, says that despite fears that home prices
would "bottom out like they did in the Great Recession," they continued to
accelerate
reaching their highest annual growth since August 2018.  The
U.S. CoreLogic HPI was up 5.4 percent compared to April 2019, with gains in all
states and rose 1.4 percent compared to the previous
month. Purchase activity, particularly among millennials, bounced back in April
as the economy began to open back up. Gains were also driven by low inventory
of homes especially at the entry level. Those plummeted by 25 percent on
average nationally.


 

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