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Affordable Housing , Community Development , Reports and Publications , State News

Since Recession, Home Prices Recovering Nationally But Connecticut Falls Short

11 January 2017

CoreLogic recently released its Home Price Index (HPI) Report, forecasting a return to pre-crisis peaks (adjusted for inflation) by mid-2017. The Index evaluates and disseminates national and state-level trends in home prices and projects future housing trends. The report finds that home prices in November 2016 had increased nationally by 1.1% since October 2016, and 7.1% since November 2015. These figures are on trend with home prices that have continued to rise on a year-over-year basis every month since the market began to recover in February 2012.

Although national trends show increases, Connecticut was the only state to show negative price appreciation, dropping by 0.5%, in a year-over-year comparison. Connecticut is also one of the five states furthest from peak home values, at 20.1% below peak value. However, CoreLogic forecasts that Connecticut will see a 4.6% increase by this time next year, aligning with the national forecast of a 4.7% increase in home prices.

Click here or here to read the full report.