National home prices increased 18.1% year over year in November 2021, according to the latest CoreLogic Home Price Index (HPI) Report.
The November 2021 HPI gain was up from the November 2020 gain of 8.1% and was the highest 12-month growth in the US index since the series began in 1976.
The increase in home prices was fueled by low mortgage rates, low for-sale supply and an influx in home buying activity from investors. Projected increases in for-sale supply and moderation in demand as prices grow out of reach for some buyers could slow home price gains over the next 12 months.
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