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Home Prices Rose in March Despite Pandemic

Mortgage News > Home Prices Rose in March Despite Pandemic
Date: 05/05/2020    Home Prices Rose in March Despite Pandemic

Even as closed home sales fell 26% in the last two weeks of March, sale prices rose 4.5% for the month on a yearly basis, according to the CoreLogic Home Price Index. Home prices were also up 1.3% from February. Due to the current recession caused by the coronavirus outbreak, CoreLogic predicts that price acceleration will slow in April to a gain of just 0.6%. The company also forecasts that prices will only increase 1.3% by March 2021.

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