Annual growth in the CoreLogic Home Price Index for March exceeded 20 percent, the largest single-month figure in the index's 45-year history.
CoreLogic does not believe this trend will continue. Its HPI forecast for March 2022 reads that it will slow to about 6 percent next March, "due in part to rising mortgage rates and higher home prices hampering affordability for some home shoppers," according to the report.
Nonetheless, this month's exact figure of 20.9 percent is remarkable. Since February, home prices increased by 3.3 percent.
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