In a bold and shocking prediction, CoreLogic says it expects that, after four months of increases, home prices will begin to decline in the last few months of the year.
This happens every year. It’s a cyclical market. Prices go up through the summer, then decline in the fall and winter.
Here are median prices per month; each line represents a different year, from 2005 though 2011:
My prediction: CoreLogic (and many others) will predict a price upswing from November to December.