Home Price Increases May Cool in January

Housing prices will continue to rise year over year in 2018, but may fall in January, according to CoreLogic analysis.

HousingWire reports that house prices increased 6.6 percent year over year in 2017, and that CoreLogic predicts another 4.3 percent increase in 2018 overall. Despite this, the data firm’s analysts also believe that prices could drop as much as 0.4 percent in January.

The potential price drop would come even as 35 percent of the top 100 U.S. housing markets are overvalued. The largest price gains in 2017 were seen in Western states like Utah, California, and Nevada.

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