Home Prices Topple Expectations, Surging at the End of 2020!
Home prices finish out 2020 by surpassing expectations as low supply continues to drive the market. Meanwhile, the rush to take advantage of historically low interest rates causes mortgage applications to spike at the end of January. We take a closer look at the top real estate market news This Week in Real Estate.
“While home price growth is expected to slow during 2021, it will remain high in the first half of the year and average growth for this year is expected to climb to 6.9%.”CoreLogic Home Price Index Report