The CoreLogic Home Price Index (HPI) and HPI Forecast for November 2024 have been made public by CoreLogic.
Gains in home prices in the U.S. have not increased since November of 2022, but 17 states have set new records, and the country as a whole is predicted to achieve a new high this April when the usually hectic homebuying season gets underway. The increase coincided with Freddie Mac’s announcement that 30-year fixed-rate mortgages increased to about 7% at the start of 2025—the highest level since July 2024. Despite the fact that mortgage rates are predicted to be high for the remainder of the year, buyer demand in more budget-friendly markets is healthy.
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