Home Prices Continue to Rise

Home price gains slowed a bit in August but still produced solid increases year over year due in part to a strong job market and economy.

CoreLogic reports that home prices, including distressed sales, rose 5.5 percent from August 2017 to August 2018. On a monthly basis, prices were up 0.1 percent from July to August. CoreLogic's chief economist Frank Nothaft said, "National appreciation in August was the slowest in nearly two years, and we expect appreciation to slow further in the coming year."

CoreLogic is forecasting a 4.7 percent increase in home prices from August 2018 to August 2019.