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Home Prices Grew 5.1% in November

Mortgage News > Home Prices Grew 5.1% in November
Date: 01/08/2019    Home Prices Grew 5.1% in November

National home prices grew an average of 5.1% in November 2018 from the previous year, according to new data from CoreLogic. Home prices were up just 0.4% from October and their appreciation rate has declined for eight straight months. CoreLogic predicts that home prices will rise 4.8% by November 2019, slowed by climbing interest rates and the resulting decreased buyer demand. In a report of the top 50 housing markets, CoreLogic also found that 44% were overvalued compared to their long-term sustainable levels and only 18% were undervalued.

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