Want to know what's happening with U.S. home prices?

CoreLogic has just unveiled its latest findings on U.S. home prices, and the insights are too compelling to overlook.

Across the nation, there has been a substantial 5.5% surge in home prices compared to the previous year, with a noteworthy 0.7% increase recorded just between January and February 2024.

These figures underscore the ongoing momentum in the market.

Looking to the future, CoreLogic's projections indicate a more moderated growth trajectory, with an expected 0.4% rise from February to March 2024 and a year-over-year increase of 3.1% by February 2025.

This suggests a slight slowdown in the pace of growth, which could translate to increased stability for prospective buyers assessing the market.

The report also highlights a significant shift: there's a growing influx of inventory hitting the market, promising more choices and potentially alleviating the intense competition we've witnessed. However, affordability remains a key concern—especially if interest rates remain high.

This comprehensive overview not only provides insights into recent trends but also offers valuable foresight into what may lie ahead.