Home Prices Still Rising

DID YOU KNOW? National home prices increased 3.6% year over year in April 2019 and are forecast to increase by 4.7% from April 2019 to April 2020. The April 2019 HPI gain was down from the April 2018 gain of 6.6%, but up slightly from the March 2019 gain of 3.5%, indicating that the rate of home price increases has flattened out. Prices in 39 states (including the District of Columbia) have risen above their pre-crisis peaks. Of the 7 states that had larger peak-to-trough declines than the national average, California, Idaho, and Michigan have surpassed their pre-crisis peaks as of April 2019. Connecticut home prices in April 2019 were the farthest below their all-time HPI high, still 18.8% below the July 2006 peak. (CoreLogic)