Home prices at 45-year high, pricing many buyers out of the market


bigstock 220666549 us economy growing bull market dollar(Worthy News) – Home prices are at a 45-year high, pricing many buyers out of an historic seller’s market, new data published by CoreLogic show.

Annual home prices were 18% higher in October of this year than they were last October, and were also the highest recorded in the 45-year history of a Home Price Index published by the global property company.

“New household formation, investor purchases and pandemic-related factors driving demand for the limited supply of available for-sale homes continues to propel the upward spiral of U.S. home prices,” Frank Martell, president and CEO of CoreLogic, said in a statement accompanying the report’s findings. “However, we expect home price growth to moderate over the near term as many buyers take a break for the holidays.” [ Source: Just the News (Read More…) ]

10
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Gaza Deal Turns Terrorists into Millionaires
Israel Says Four Hostage Bodies Still Missing in Gaza, Presses Hamas for Return
Ireland Elects Pro-Palestine President In Rebuke To Establishment Parties
Democrat-friendly Labor Union Urges Congress To Pass GOP Funding Bill, Open Govt
Newsom Says He Will Consider Running For President
Trump Warns Putin Over Russian Nuclear Missile Test Amid Escalating War Tensions
Islamic Militants Kill Scores Of Christians In Mozambique; Thousands Displaced (Worthy News In-Depth)
Trump Administration Pursues “Golden Fleet” to Reinvent U.S. Navy for Future Conflicts
Israel-Backed Militias in Gaza Seek to Build ‘New Gaza’ Without Hamas, Sky News Reports
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News