U.S. home prices continued to rise at a rapid pace in July, increasing 1.8% compared with June and jumping a record 18% compared with July 2020, according to CoreLogic’s home price index.
“Home price appreciation continues to escalate as millennials entering their prime home buying years, renters looking to escape skyrocketing rents and deep pocketed investors drive demand,” says Frank Martell, president and CEO of CoreLogic, in a statement. “On the supply side, it