Homes are seen for sale in the northwest area of Portland, Oregon. Reuters The S&P Case-Shiller US home-price index rose to a 10.4% annualized increase in December, up from 9.5%. The reading marks the strongest pace of price growth in seven years, according to a press release. The data suggests the US housing market ended 2020 strong amid low inventory and record-low mortgage rates. Visit the Business section of Insider for more stories. US home prices surged through the end of 2020 as record-low mortgage rates kept demand at elevated levels, and a general inventory shortage propped up prices.The S&P CoreLogic Case-Shiller US National Home Price Index posted a 10.4% annualized increase in December, according to a Tuesday press release.
Us Home Prices Jumped The Most In 7 Years In December As The Housing-market Boom Charged Into The New Year, Case-shiller Says
bwinck@businessinsider.com (Ben Winck), Business Insider
Tue, 02/23/2021 - 9:34am
Topics: portland oregon reuters the s&p case-shiller us visit s&p corelogic case-shiller us national home price index s&p dow jones indices 10-city composite the 20-city composite phoenix seattle san diego covid craig lazzara s&p dji federal reserve march january fitch suzanne mistretta business insider us us december business insider november february years year home prices mortgage rates annualized homes market inventory home-price demand release rose growth pace shift marks tuesday higher continue record-low homebuying data increase press economy growing biggest analysts inflation supply buyers rising gain
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