- Home prices have appreciated for a 139th consecutive month, according to CoreLogic.
- Prices have now gone up by 42% since the start of the pandemic shutdowns in March 2020.
- These 20 metro areas are expected to see the price biggest spikes over the next year.
Would-be homebuyers can’t catch a break. Rising mortgage rates have more than doubled from where they were three years ago, hitting a two-decade peak at 7.51%. But expensive debt hasn’t helped drive down home prices.
August’s home price index issued by CoreLogic revealed that home prices just rose for the 139th consecutive month on a year-over-year basis. August saw a 3.7% increase in home prices from last year, the biggest since February.
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