Naturally, home prices are a top topic for anyone buying or selling a home in the coming year. So what’s the forecast for 2019? There’s good news and bad. For starters, CoreLogic’s most recent Home Price Index says prices are actually expected to have fallen from November to December.
However, year-over-year numbers show they’ve risen by 5.1 percent from 2017. That means, values are moderating in the near term but are still increasing overall. Further, they expect that they’ll continue to head upward. That’s the bad news.
The good news is that a rising number of available homes for sale is expected to slow the rate of increase. In fact, CoreLogic projects home price growth to slow down to only 4.8 percent by November 2019. While the improvement may seem slight, the fact that price increases are slowing down is good news for home buyers this year.