Home prices rose this year in every state except these two
Although mortgage rate forecasts may be mixed, single-family home price data continues to show an increase year-over-year. That is, with the exception of two states, according to CoreLogic.
Alaska and Connecticut showed slight decreases between September 2015 and September 2016, according to the CoreLogic Home Price Index. Prices fell 0.3 percent in Alaska and 1.4 percent in Connecticut. Nationally, prices increased 6.3 percent year-over-year.
Undervalued Areas, Increasing Inventory
Two of Connecticut’s metro areas are considered among the nation’s five most undervalued housing markets, according to a recent article in Forbes.