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All Metro Areas Saw Home Prices Rise During Fourth Quarter of 2020


Press release content from Globe Newswire. The AP news staff was not involved in its creation.
All Metro Areas Saw Home Prices Rise During Fourth Quarter of 2020
National Association of Realtors®February 11, 2021 GMT
Washington, D.C., Feb. 11, 2021 (GLOBE NEWSWIRE)
Key Highlights
Eighty-eight percent of metro areas had double-digit price gains.
The monthly mortgage payment on a typical existing single-family home rose to $1,040 and the family income needed to afford a home increased to $49,908, compared to one year ago.  
 
WASHINGTON (February 11, 2021) – Every metro area tracked by the National Association of Realtors® through the fourth quarter of 2020 witnessed home prices grow from a year ago, according to NAR’s latest quarterly report.   ....

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