Our Market - What We Can Expect Going Forward

U.S. Home Price Insights - September 2022

The CoreLogic Home Price Insights report, designed to provide an early indication of home price trends, has offered a great look into the market and what we can expect going forward:
We can expect a more balanced market moving forward, with a modest increase in prices of around 3.8% through July 2023. For comparison, July 2021 to July 2022 prices rose 15.8% nationally. While all states saw an increase in prices from July 2021 to July 2022, the largest increases (20% or more) occurred in the Southeast, South Dakota and Arizona. Top 5 metro area increases were Miami (27.1%), Phoenix (22.1%), Las Vegas (21.6%), San Diego (17.2%) and Houston (16.4%).

Markets most likely to experience a price decline in the coming year are Bremerton/Silverdale, WA, Crestview/Fort Walton Beach/Destin, FL, Bellingham, WA, Reno, NV and Boise City, ID.
Here's a link to the full report via CoreLogic

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