Research

With July’s small pivot in annual home prices and given the early spring surges, the CoreLogic S&P Case-Shiller Index now shows a 6% cumulative increase in home prices for 2023. And while some metro areas, particularly those in the West, are recovering from larger declines seen in 2022, appreciation across the country has generally been solid. Lower-priced homes are seeing a stronger recovery, given the lack of affordable inventory and the resulting demand pressure on that segment of the housing market.