US Home Price Insights – November 2023

Home prices in the US increased by 4.5% year over year in September 2023. The Northeastern states saw the highest price gains, with Maine experiencing a 10.1% increase. Despite rising mortgage rates, the housing market is expected to remain steady. Certain markets with in-migration from expensive states are showing strong price gains. The CoreLogic Market Risk Indicator predicts that Youngstown-Warren-Boardman, OH-PA is at high risk of a price decline.