Real estate appreciation will reach its fastest pace since the Great Recession as the inventory crisis continues to pit buyers against each other, competing for a scarce number of properties for sale. We assume that the appreciation of house prices in points will exceed 10% in 2021. Price gains are driven by the fundamentals of…
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December Existing Home Sales : Enduring Strength Headed into 2021
The pace of existing home sales may have cooled off in December from its blistering pace in October, but today’s release still serves to bolster real estate market strength and continued demand for homes towards the end of the year. Despite the first decline since May, the transaction volume remains just below the highest level…