U.S. Home Price Appreciation

National home prices increased 7.3% year over year in October 2020, according to the latest CoreLogic Home Price Index (HPI®) Report. The October 2020 HPI gain was up from the October 2019 gain of 3.5% and was the highest year-over-year gain since April 2014. The pandemic has shifted home buyer interest toward detached rather than attached homes as detached homes have more living area and tend to be located in less densely populated neighborhoods.  Prices of single-family detached homes posted an annual increase of 7.9% in October, compared with a 4.5% annual price rise in attached homes.

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Million Dollar Homebuying

Rates Remain Flat