Oil Plunge Could Hurt Home Prices in Some Areas

New York, NY, Jan. 7, 2015 — Although home prices have continued to rise, plunging oil prices could cause a slow-down in price appreciation in some markets, according to analysis firm CoreLogic.

Home prices ticked up 0.1% in November from October, and were up 5.5% from a year ago.

However, by November of this year the annual pace could fall to 4.6% as energy producing states fall on harder times, CoreLogic estimated.

The firm noted that three of the top four areas for price appreciation are energy producing states.