Home Price Index Jumps
According to the S&P Corelogic Case-Shiller National Home Price Index, home prices continued their acceleration in January. They jumped 11.2% year over year, the biggest gain in 15 years. Month over month, prices rose in 19 of the 20 cities tracked. Year over year, prices rose in all 20. Detroit data was included in January’s indices for the first time in a year due to interruptions in data collection due to Covid-19 shutdowns.
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[…] It is still an incredibly strong seller’s market. This week saw multiple stories about the rising prices for residential properties. There are, however, some clouds on the horizon. Because prices in some […]
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