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In High Gear: Annual US Home Price Appreciation Reaches Double Digits in January, CoreLogic Reports
March 2, 2021 GMT
IRVINE, Calif.--(BUSINESS WIRE)--Mar 2, 2021--
CoreLogic ® (NYSE: CLGX), a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI ™ ) and HPI Forecast ™ for January 2021.
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CoreLogic National Home Price Change and Forecast; January 2021 (Graphic: Business Wire)
2020 was a landmark year for the housing market. Factors such as record-low mortgage rates encouraged first-time homebuyers to dip their toe into the housing market and allowed home price growth to remain strong, despite economic uncertainty. The momentum continued into 2021, with home price growth experiencing its first double-digit annual appreciation since November 2013 in January at 10%. However, as we look forward to the rest of 2021, we may expect to see challenges for some prospective homeowners.