This story is available exclusively to Insider subscribers.Home prices in some areas are rising due to limited inventory, says CoreLogic's Selma Hepp. Metropolitan areas including Anaheim, Seattle, and Sacramento top the list. But it's not necessarily because buyers are back in droves.
National home prices are expected to grow by 4% this year. But not all markets will fall in line with the average. In fact, there will be a bifurcation in price moves across the nation. People were moving away from expensive West Coast markets and cities to more affordable areas. Now, markets that saw values increase rapidly are leveling out to be more in line with what the incomes are in those areas, she added.
On the other end, markets that experienced steep price plunges are expected to make a comeback, especially areas that have low inventory, she said.
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