Connect with us

Business

Home prices climb by fastest pace in 7 years – Fox Business

Home prices rose 10.4% year over year in December, according to the national Case-Shiller index, the fastest since January 2014.

Published

on

Article feature image
ADVERTISEMENT

U.S. home prices rose in December at their fastest pace in nearly seven years, boosted by record-low mortgage rates and an undersupply of housing as city dwellers continued to flee to the socially distant suburbs amid the COVID-19 pandemic.
Home prices rose 10.4% year over year in December, according to the national Case-Shiller index, the fastest since January 2014. Prices rose 0.85% month over month, making for the strongest November to December increase since recordkeeping began 25 years ago.

Click here to view the original article.

Continue Reading
Advertisement

You might also like ...

Bitcoin (BTC USD) Cryptocurrency Price Rebounds After SEC Confirmation Hearing – Bloomberg
Goldman Sachs General Counsel Karen Seymour Is Leaving the Bank – Bloomberg
China ‘Worried’ About Bubbles in Property, Foreign Markets – Bloomberg