by Calculated Danger on 3/05/2025 03:25:00 PM
Notes: This CoreLogic Home Worth Index report is for January. The latest Case-Shiller index launch was for December. The CoreLogic HPI is a three-month weighted common and isn’t seasonally adjusted (NSA).
From CoreLogic: CoreLogic: Residence Worth Progress Largely Flat in January
U.S. dwelling worth development in January 2025 was largely flat at 3.3% yr over yr. Though costs are anticipated to eek out positive factors within the coming yr, with our economists predicting a 3.6% enhance from January 2025 to January 2026, there are stark variations between areas.
The Northeast continues to buck total nationwide tendencies, remaining unbothered by slower job development, elevated rates of interest, and ongoing affordability issues. In the meantime, within the Mountain West, costs are the furthest from their document highs. In Hawaii, costs declined by 4.4%.
Regardless of this, nationwide single-family dwelling costs are forecast to achieve a brand new peak in March 2025. At present, the median gross sales worth for all single-family houses within the U.S. is $375,000.
“Flattening dwelling worth adjustments during the last six months recommend additional worth deceleration is forward,” mentioned Dr. Selma Hepp, CoreLogic Chief Economist. “Extra importantly, compressed month-to-month adjustments spotlight the overall lack of home-buying demand that continues to characterize the present housing market. Whereas this yr’s chilly winter and enormous pure disasters play a job in dampening demand, falling shopper sentiment suggests potential homebuyers are cautious of the short-term financial outlook and future inflation. However, with the spring dwelling shopping for season upon us, the latest enhancements in mortgage charges might assist invite homebuyers again into the market.”
emphasis added
This was the smaller YoY enhance as reported for December.
This map is from the report.
• CoreLogic evaluation means that Florida markets are persevering with to fall out of favor whereas western New York is gaining reputation.
• Our economists anticipate additional worth deceleration in 2025, though latest enhancements in mortgage charges might spur homebuying this spring.
• Nationwide dwelling worth development is flat on a month-to-month foundation. Annual dwelling worth development is monitoring simply above inflation.
• Florida and Arizona prime the charts for markets the place the danger of worth decline may be very excessive.
