Wednesday, 14 April 2021 | The Latest Buzz for the Appraisal Industry

Home Prices Continued to Rise in February But Slowdown is Expected

U.S. home prices increased 1.2% in February compared with January and were up 10.4% compared with February 2020, according to CoreLogic.

That’s the highest level since April 2006.

Driving the increase is unprecedented demand for single-family detached homes in wake of the pandemic, coupled with lack of supply.

CoreLogic analysis shows that homebuyers have steadily moved away from densely populated, high-cost coastal areas in favor of more affordable suburban locales.

The number of homebuyers

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