National home prices increased 18.1% year over year in November 2021, according to the latest CoreLogic Home Price Index (HPI) Report.
The November 2021 HPI gain was up from the November 2020 gain of 8.1% and was the highest 12-month growth in the US index since the series began in 1976.
The increase in home prices was fueled by low mortgage rates, low for-sale supply and an influx in home buying activity from investors. Projected increases in for-sale supply and moderation in demand as prices grow out of reach for some buyers could slow home price gains over the next 12 months.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
