CoreLogic Report: Good News for First Time Home Buyers


House prices increased by around 17% in 2022, even though everything going on in the wider economy suggested the exact opposite should happen.


This has left many people wondering if we’re in the middle of a housing bubble set to burst any minute now.

Are we due a correction? A recent report from CoreLogic suggests this could be the case, but the experts haven’t exactly reached a consensus.

Will The Housing Bubble Deflate?

Everyone scraping together the funds to buy a house in 2020 looked on in panic as the markets seemed to defy all expectations.

Where Things Stand in 2022

House prices rose higher and higher, even as the world was in peril and many jobs were hanging by a thread.

Those who felt reluctant to jump right in felt more pressured than ever to get involved while the federal funds rate (and therefore mortgage rates) still remained low, eager to snap up houses out of the fear that prices would continue to rise at the same exponential rates.

CoreLogic, a company focused on real estate research, is constantly trying to understand and analyze trends in the housing market. And its most recent report bears good news for struggling first-time buyers, as it’s predicting slower growth.

The CoreLogic Report

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