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Home Prices Continue Upward Trend of the Past 18 Months
Home prices across the U.S. continued to climb in August, rising at an annualized 15.9% from July, the third consecutive month reporting an all-time record month-over-month rate, according to Radian Home Price Index (HPI) data released Tuesday.
The Radian HPI has risen at an annualized rate of 13.2% over the past six months, nearly double the rate of the year-ago period. These annualized increases represent the continuation of the general upward trend in home price gains.
“While this month there are signs of some very slight softening in some of real estate and home price metrics, all-in-all, there is nothing in this month’s findings that would indicate a pending, rapid change in appreciation rates,” said Steve Gaenzler, SVP of data and analytics.
Radian noted that affordability is a growing concern. Since the onset of the pandemic in March 2020, home prices have appreciated an average of $37,000-plus.
- ◦Economy
