Home prices are enjoying the biggest gains in 2 years

2020-09-04T08:57:36-04:00September 4th, 2020|Real Estate|

Exceptionally strong demand, historically low supply and record low mortgage rates are helping to create the fastest home price increase since 2018. According to CNBC, home prices were 5.5% higher this past July than in 2019. That is up from the 4.3% annual gain seen in June (CoreLogic). Recent falling mortgage rates increased demand from spring, when home sales bottomed [...]