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Home Price Appreciation Update Including 2022 Forecast

Home Price Appreciation Update Including 2022 Forecast

February 1, 2022
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Home prices averaged year-over-year gains of 15 percent over the 12 months of 2021 compared to an average gain of 6.0 percent in 2020. CoreLogic’s Home Price Index (HPI) ended the year up 18.5 percent compared to the prior December. Despite indications earlier in the year that price gains were beginning to decelerate, they rose 1.3 percent in December, identical to the monthly gains reported in each of the previous three months. The annual growth is up from 18 percent in September and October. CoreLogic says, “Consumer desire for homeownership against persistently low supply of for-sale homes created one of the hottest housing markets in decades in 2021 - and spurred record-breaking home price growth. Home price growth in 2021 started off at 10 percent in the first quarter, steadily
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