How Long Until Housing Values Reach A New Record High?
If housing values continue to rise at the same rate recorded over the past three months, national dwelling values could reach a new record high in six months time. Based on CoreLogic’s Home Value Index, national dwelling values remained 5.7% below their peak at the end of October. With values rising by 2.9% over the past three months (averaging a rise of just under 1% per month), it would take approximately 6 months for housing values to return to their historic high.
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