Homes Appreciate at Fastest Rate Since 2014

[Neil Narayan]

Home prices typically decline when economic activity constricts—but not in 2020. The economic downturn resulting from the COVID-19 pandemic has coincided with a booming housing market. Existing-home prices for all housing types jumped 15.5% year over year in October to $313,000, according to the National Association of REALTORS®.

Home prices at all market levels are accelerating at the fastest rates in the past six years.

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