by Calculated Danger on 1/07/2025 04:49:00 PM
Notes: This CoreLogic Home Value Index report is for November. The current Case-Shiller index launch was for October. The CoreLogic HPI is a three-month weighted common and isn’t seasonally adjusted (NSA).
From CoreLogic: CoreLogic: Northeastern, New England States Proceed to Lead US for Annual Residence Value Progress in November
• The nationwide house value acquire was 3.4% yr over yr in November 2024, down from the 5.2% development recorded in the identical month of 2023.
• Residence costs are projected to rise by 3.8% yearly by November 2025 after hitting a brand new excessive this spring.
• Northeastern and New England states took the highest 5 spots for year-over-year appreciation.
• Seventeen states posted new value peaks in November.
…
U.S. house value positive aspects remained static for the reason that summer season of 2022 in November, however 17 states reached new highs …“Heading into the end of the year, home prices remained relatively flat though showing some marginal improvement from the weakness seen heading into the fall and following reduced homebuyer demand amid the summer mortgage rate surge,” mentioned CoreLogic Chief Economist Selma Hepp. “Nevertheless, the cooling home price growth trend is expected to continue well into 2025 partly due to the base effect and comparison with strong early 2023 appreciation and partly because of the expectations of higher mortgage rates over the course of 2025,” Hepp continued. “Regionally, variations persist, as some more affordable areas – including smaller metros in the Midwest – remain in high demand and continue to see upward home price pressures.”
emphasis added
This was the identical YoY improve as reported for October.
This map is from the report.
Nationally, house costs elevated by 3.4% yr over yr in November. No state posted an annual house value decline. The states with the very best will increase yr over yr have been New Jersey (up by 7.8%) and Rhode Island (up by 7.3%).
