Nov 15, 2021 Timing Letter is Available !!

U.S. Home Prices Are Still Appreciating

       at a Near Record-Setting Pace


               CoreLogic reported that U.S. home prices continued to rise at a blistering pace in September – up 18.0% on a year-over-year basis. 


               This was only down slightly from the YOY rate of 18.1% that was reported in August 2021 – which was the largest annual gain ever recorded in the 45-year history of the CoreLogic Home Price Index.


Single-family detached homes

continue to be in highest demand


               In September, appreciation of detached properties (19.6%) was the highest measured since the inception of the index – and 7.4 percentage points higher than that of attached properties (12.2%).


               To illustrate how hot U.S. housing markets currently are, go to Page 6 and look at the Market Momentum Readings for the 17 housing markets that I follow. 


                A recording-setting 16 of 17 cities logged-in price momentum readings that were in doubledigits


               Only Chicago was still in single-digits. 


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