Home Prices Jump in June

Home prices continued their double-digit gains in June, according to the CoreLogic Home Price Insights report… (CoreLogic)

  • Y-O-Y: Home prices nationwide jumped 17.2% annually in June 2021.
  • M-O-M: On a monthly level, home prices jumped 2.3% in June 2021.

Frank Martell, President and CEO of CoreLogic, says we still have a supply issue and it is unlikely demand is going to dissipate anytime soon…

  • With plenty of cash on the sidelines, along with very low mortgage rates, prices are heading up and affordability will become a more acute issue for the foreseeable future.”

Looking forward, CoreLogic is forecasting a big slowdown in housing prices. By June 2022 they are expecting annualized price growth to have slowed to just 3.2%.