CoreLogic predicts that home prices will appreciate +4.8% during 2019. This is a +.1% increase in home price appreciation compared with 2018, according to CoreLogic’s Home Price Index.
CoreLogic also predicts that states with highest home price appreciation will include New York, California, Nevada, Maine, Hawaii and Oregon. These states fit their economists’ view that locations with a wide variety of amenities, active lifestyles and good career opportunities “…will continue to perform well over the next few years.”
CoreLogic points to ten cities where home price appreciation will exceed +10% y/y increases. You’ll note that all these metros are in California…
1.Chico
2. Salinas
3. Santa Maria and Santa Barbara
4. Modesto
5. Bakersfield
6. Oxnard-Thousand Oaks-Ventura
7..Sacramento-Roseville-Arden Arcade
8. Vallejo-Fairfield
9. San Francisco-Redwood City-South San Francisco
10. San Luis Obispo-Paso Robles-Arroyo Grande
Smaller populated metro areas in the states of New York, Maine, Nevada, Alabama, Michigan, Missouri, Oregon, Utah, Arizona and Florida are also forecasted by CoreLogic to experience home price appreciation over 10%.
