Leaving last year's stumbling housing market behind

Leaving a stumbling market behind

While housing prices are still declining, dropping 0.2% in December – the ninth decrease in the past 10 months – to sit at a national median value of $803,624, economists expect house prices to rise this year, although CoreLogic expects it to be a one- to two-year grind to find equilibrium as conflicting forces play against each other

CoreLogic’s hedonic Home Value Index (HVI) shows December’s national median value is 3.9% lower than a year ago and equivalent to a drop of about $32,200.