U.S. home prices to keep racing ahead with risks to upside
U.S. house prices will continue to race ahead this year, at nearly twice the pace predicted just three months ago, according to a Reuters poll of analysts who said risks to that already upbeat outlook were skewed to the upside.
A strong recovery so far from the pandemic, ultra-low interest rates, massive fiscal support and continued demand for more living space as millions continue to work from home will push house prices higher this year, they said.
The S&P CoreLogic Case-Shiller 20-metro-area house price index has risen at a steady clip since the middle of last year and has averaged over 11% growth so far in 2021.
By Syndicated Content
By Hari Kishan
BENGALURU (Reuters) â U.S. house prices will continue to race ahead this year, at nearly twice the pace predicted just three months ago, according to a Reuters poll of analysts who said risks to that already upbeat outlook were skewed to the upside.
A strong recovery so far from the pandemic, ultra-low interest rates, massive fiscal support and continued demand for more living space as millions continue to work from home will push house prices higher this year, they said.
The S&P CoreLogic Case-Shiller 20-metro-area house price index has risen at a steady clip since the middle of last year and has averaged over 11% growth so far in 2021.
By Hari Kishan BENGALURU (Reuters) - U.S. house prices will continue to race ahead this year, at nearly twice the pace predicted just three months ago.
U.S. home prices to keep racing ahead with risks to upside - Reuters poll
By Hari Kishan
Reuters
BENGALURU (Reuters) - U.S. house prices will continue to race ahead this year, at nearly twice the pace predicted just three months ago, according to a Reuters poll of analysts who said risks to that already upbeat outlook were skewed to the upside.
A strong recovery so far from the pandemic, ultra-low interest rates, massive fiscal support and continued demand for more living space as millions continue to work from home will push house prices higher this year, they said.