Monday, January 31, 2022 / by Raj Jaggi
Where Are Home Prices Going This Year?
Many experts predicted that the home price spike would decrease in the fourth quarter of 2021 after nearly two years of double-digit increases. However, according to CoreLogic's newest Home Price Insights Report, while prices may have plateaued, appreciation has not slowed. Year-over-year appreciation is depicted in the graph below for the year 2021. The data for December has yet to be released.
Over the last five months, appreciation has stayed stable at roughly 18%, as shown in the graph.
Furthermore, the latest S&P Case-Shiller Price Index and the FHFA Price Index both show a little decrease from the same period last year – although not to the predicted degree. They do, however, both point to ongoing high price growth across the country. According to the FHFA, double-digit appreciation was nevertheless seen in all nine regions of the country. According to the Case-Shiller 20-City Index, all 20 metros saw double-digit gains.
Why haven't we seen the more dramatic de ...
Over the last five months, appreciation has stayed stable at roughly 18%, as shown in the graph.
Furthermore, the latest S&P Case-Shiller Price Index and the FHFA Price Index both show a little decrease from the same period last year – although not to the predicted degree. They do, however, both point to ongoing high price growth across the country. According to the FHFA, double-digit appreciation was nevertheless seen in all nine regions of the country. According to the Case-Shiller 20-City Index, all 20 metros saw double-digit gains.
Why haven't we seen the more dramatic de ...
