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Intense Demand and Low Mortgage Rates Drive Home Values to Record Highs

Intense Demand and Low Mortgage Rates Drive Home Values to Record Highs Home values continue to rise at a historic monthly pace, growing 1.1% from December to January - Zillow economists predict 7 million home sales this year, nearly 25% more than in 2020 - Phoenix is booming, recording the highest annual growth in both home values (17.1%) and typical rent (8.4%) among the nation s largest metros - Home values rose 9.1% from a year ago, the fastest pace of annual appreciation since 2006 News provided by Share this article Share this article SEATTLE, Feb. 19, 2021 /PRNewswire/  Extreme demand driven by exceptionally low mortgage rates, demographic pressures and pandemic trends kept the housing market boiling as we moved into 2021, according to

Home Values Break New Growth Records as Demand Surge Presses On

Home Values Break New Growth Records as Demand Surge Presses On Mortgage rates hit an all-time low of 2.63% in December, pushing buyers dollars further in competitive market - Home values in December rose 3.2% over the previous quarter, the largest increase since at least 1996 - Newly pending sales were up 21.7% in December compared to a year ago - Rents are ticking up from annual lows and remain slightly ahead of last year News provided by Share this article Share this article SEATTLE, Jan. 22, 2021 /PRNewswire/  Home value growth continued its meteoric rise in December as towering demand for homes carried on into winter, according to

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