flexiblefullpage - default
Currently Reading

Will Home Prices Drop in 2020?

Advertisement
billboard - default

Will Home Prices Drop in 2020?


June 4, 2020
For sale sign family
By Andy Dean

Low inventory and interest rates are keeping housing prices stable through 2020, but by next April, nine years of annual home prices gains may end, according to a report by CoreLogic. The real estate data company projects that prices will decline 1.3 percent year over year by April 2021,  fueled by elevated unemployment levels and price drops in 41 states. For now, however, single-family homes have posted their largest price gains of the year in April, and home prices rose 5.4 percent nationally this month. 

Nine years of annual home price gains are expected to come to an end by next April, according to the forecast by CoreLogic, although prices in Southern California are projected to continue rising.

U.S. home prices will drop 1.3% year over year by April 2021, the real estate data firm said Tuesday.

The forecast is predicting price drops in 41 states, with the biggest declines occurring in areas hit by downturns in tourism and oil and gas industries.

Read More
 

Related Stories

Housing Markets

This City Dodged the 2008 Housing Market Crash, but It’s Bottoming Out in a 2023 Correction

The Lone Star State bypassed a 2008 home price crash, but it's now caught in the middle of a 2023 market correction

Market Data + Trends

Why a Growing Number of Americans Are Worried About a 2023 Housing Crash

A recent survey reveals mounting concerns about a 2023 housing crash, but housing industry experts aren't so worried

New-Construction Projects

Why New Rental Supply May Be Key to Lowering Mortgage Rates

Shelter inflation is taking the U.S. economy by storm. One way to lower housing costs is by building more apartments

Advertisement
boombox1 -
Advertisement
native1 - default
halfpage2 -

More in Category



Advertisement
native2 - default
Advertisement
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.