3.30.21
Recent data from S&P CoreLogic Case-Shiller Home Price Indices and the Federal Housing Finance Agency’s (FHFA) House Price Index (HPI) show that U.S home prices soared in January. Case-Shiller’s National Home Price Index, a 20-city index, rose 11.2% compared with its January 2020 level, with the FHFA HPI reflecting similar growth. This latest development comes as the pandemic continues to increase demand for single-family houses even amid a low supply of homes and rising interest rates.
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