CoreLogic Insights Blog
The CoreLogic Home Price Index for November 2020 shows U.S. home prices increased 8.2% year over year, more than double the appreciation from a year ago. Low for-sale supply and high demand led to the price surge in November. Demand is being driven by Gen X and Millennial households, leading to even higher price increases for lower-priced homes as first-time buyers tend to seek out homes in lower price ranges. Price increases for lower-priced homes was about one and a half times those for higher-priced homes.
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