Onward and Upward: Annual US Home Price Appreciation in 2020 Outpaced 2019 Levels by 50%, CoreLogic Reports

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Onward and Upward: Annual US Home Price Appreciation in 2020 Outpaced 2019 Levels by 50%, CoreLogic Reports
February 2, 2021 GMT
IRVINE, Calif.--(BUSINESS WIRE)--Feb 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 December 2020, providing a look back at the state of the housing market and the pandemic’s impact on home price performance throughout 2020.
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CoreLogic National Home Price Change and Forecast; December 2020 (Graphic: Business Wire)
The housing market exceeded expectations in 2020, closing out the year with the highest annual home price gain since February 2014 in December at 9.2%. Despite a blip in April, home-purchase demand surged as record-low mortgage rates persuaded first-time homebuyers to enter the market. Meanwhile, the consequences of the pandemic were seen in the dwindling supply of homes — dropping, on average, 24% below 2019 levels — as homeowners delayed selling.

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