Saturday, April 20, 2024 | The Latest Buzz for the Appraisal Industry

Home Prices Saw Largest Annual Gain Since 2005 as Affordability Concerns Rise

U.S. home prices continued to surge in March, rising 1.5% on an adjusted basis compared with February and jumping a whopping 13.2% compared with March 2020, according to the S&P CoreLogic Case-Shiller home price index.

Lack of inventory coupled with pent-up demand for homes – plus low mortgage rates – has resulted in home price appreciation surging to new historical highs. March’s year-over-year gain in home prices had not been exceeded since December 2005,

This post was originally published on this site

Brent Bowen

Loosening The Knot

Something that I like to do is to research the etymology of various words. This is essential in understanding older/historical texts, so that you can

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