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CoreLogic Reports Annual Home Price Growth of 17.2% the Highest Level Since the Late-1970s


Posted August 3rd, 2021 for CoreLogic
Lack of supply, economic rebound and demographic trends fuel home price surge
Affordability challenges increasingly impact low- and middle-income Americans
IRVINE, Calif., August 3, 2021 CoreLogic
® , a leading global property information, analytics and data-enabled solutions provider, today released the CoreLogic Home Price Index (HPI
™ ) and HPI Forecast
™ for June 2021.
Despite the economic ups and downs brought on by the pandemic, the housing market is still going strong . As supply and demand pressures endure and construction costs spike, in June, home price gains reached the highest annual growth since 1979. While affordability challenges intensify, low mortgage rates, rising savings and an improving labor market are helping to keep homeownership within reach for many prospective buyers. However, CoreLogic projects home price gains may slow over the next 12 months as demand moderates and ....

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California housing market ends year on high note as sales continue strong in December and median price reaches another record high, C.A.R. reports


California home sales and price report
Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 509,750 units in December, according to information collected by C.A.R. from more than 90 local REALTOR
® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2020 if sales maintained the December pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
December home sales ticked up 0.2 percent from 508,820 in November and were up 28 percent from a year ago, when 398,370 homes were sold on an annualized basis. The year-over-year, double-digit sales gain was the fifth consecutive and the largest yearly gain since May 2009. For the year as a whole, annual home sales rose to a preliminary 411,870 closed escrow sales in California, up 3.5 percent from 2019 s pace of 397,960. ....

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Low rates, flexibility to work from home drives California home-buying interest to levels not seen since the last decade, C.A.R. reports


Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 508,820 units in November, according to information collected by C.A.R. from more than 90 local REALTOR
® associations and MLSs statewide. The statewide annualized sales figure represents what would be the total number of homes sold during 2020 if sales maintained the November pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.
November sales rose 5.0 percent from 484,510 in October and were up 26.3 percent from a year ago, when 402,880 homes were sold on an annualized basis. The year-over-year, double-digit sales gain was the fourth consecutive and the largest yearly gain since May 2009. ....

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