Late last year was the first time that home prices saw a double digit increase since January 2014, according to Selma Hepp, deputy chief economist at CoreLogic. Additionally, the broader S&P Corelogic Case‑Shiller national price index, which covers the entire country, demonstrated a 10.4% gain year‑over‑year in December, up from 9.5% the prior month.
The factors contributing to the breakneck pace of home-price appreciation remain the same, even in the New Year. Demand for housing remains extremely high — millennials are in their prime home-buying years, and the pandemic accelerated a trend of people leaving cities for more space in the suburbs.
How long will this trend continue? No one can predict with certainty. If you're considering selling your Delaware Valley home, call the area's exprienced John McClintock Team to discuss your options.
Source: National Association of Realtors, realtor.com
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Considering selling or buying your Bucks County home?
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