U.S. home prices in March climbed a record 20.9% year over year, but the explosive pace of appreciation is expected to cool down to the single digits by the same time next year.

The jump in March marks the 122nd consecutive month that the annual housing-price measure has increased, according to CoreLogic‘s recent national Home Price Index report. Mounting mortgage rates and home prices are creating increasing affordability pressures for some prospective buyers. 

“The annual growth in the U.S. index was the largest we have measured in the 45-year history of the CoreLogic Home Price Index,” Frank Nothaft, chief economist details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com