#Homebuying Power Outpaces #Price Appreciation

Homebuying Power Outpaces Price Appreciation

First American Financial Corporation’s latest Real House Price Index (RHPI) for December 2020 found that real house prices increased 0.5% between November 2020 and December 2020, with a 7.2% year-over-year decline over December 2019. Consumer homebuying power, which measures how much one can buy based on changes in income and interest rates, increased 1.1% between …

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