CoreLogic’s Market Risk Indicator is a monthly update of overall health of housing markets across the country. They predict that there is above a 70% probability of a price decline in Spokane, West Palm Beach, Tampa, Atlanta, and Deltona-Daytona-Ormond Beach over the next 12 months, with a confidence score of 50-75% for all of those cities.
According to Corelogic’s February Price Insights, national home prices increased 5.5% year over year in December 2023. Northeastern states saw the largest year over year gains. The states with the highest gains were Rhode Island (13.3%), New Jersey (11.3%), and Connecticut (10.5%). Cities with the largest year over year gains from December 2022 to December 2023 were Miami (10.7%), San Diego (8.1%), Chicago (6.8%), Boston (6.7%), Washington DC (6.2%), and Phoenix (5.0%).
Past changes aren’t necessarly indicative of what the future holds. CoreLogic is predicting that prices will increase 2.8% from December 2023 to December 2024.
https://www.corelogic.com/intelligence/us-home-price-insights-february-2024/