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Home Price Appreciation Broke an 8-Year Record in January Mar 2 2021, 10:41AM
CoreLogic
says home prices in January were 10 percent higher than a year earlier. It was
the first double digit increase in the company s Home Price Index (HPI) since
November 2013. The company had reported a 9.2 percent annual increase in
December. The month-over-month increase in home
prices nationwide, including distressed sales, was 0.9 percent.
Frank Martell, President and CEO of
CoreLogic said, Record-low mortgage rates were a significant driving force
behind last year s rebound in housing market activity. However, heavy
competition for the few houses on the market drove home prices to historic