The nation saw 5.4% annual price growth in October, though CoreLogic predicts growth could slow to 4.8% by next year.
Sorry, buyers: home prices are still on the rise and will continue to grow into next year, according to a CoreLogic Home Price Index and Forecast released on Tuesday. However, the rate of growth is slowing down.
In October, home prices nationwide rose 5.4 percent year-over-year and 0.5 percent from September, according to the analysis. The average price of a single-family has, according to some estimates, has now reached $285,700.
Ever since 2012, inventory shortages and high demand have created a nationwide trend that makes it a great time to be a seller and a bad time to be a buyer — many homeowners have been holding off on selling in the hopes that their property will grow by more.
However, according to CoreLogic, a slowdown is on the horizon — home prices are only estimated to increase by 4.8 percent between now and September 2019. What’s more, October was the fourth consecutive month in which home price growth was below 6 percent year-over-year — in the summer, they grew by 6.2 percent.
Sotheby's International Realty ® is a registered trademark licensed to Sotheby's International Realty Affiliates, Inc. (505) 988-2533 This Web site is not the official Web site of Sotheby's International Realty, Inc. Sotheby's International Realty, Inc. does not make any warranty regarding any information, including without limitation its accuracy or completeness, contained on this site. Equal Housing Opportunity. Visit Sotheby's International Realty
Design By SantaFeWebDesign.com