1 minute readAs a turn of phrase and a filip of logic, it’s hard to resist its appeal.
Source: CoreLogic Home prices nationwide, including distressed sales, increased year over year by 15.4% in May 2021 compared with May 2020 and increased month over month by 2.3% in May 2021 compared with April 2021 (revisions with public records data are standard, and to ensure accuracy, CoreLogic incorporates the newly released public data to provide updated results).
Forecast Prices Nationally
The CoreLogic HPI Forecast indicates that home prices will increase on a month-over-month basis by 0.8% from May 2021 to June 2021, and on a year-over-year basis by 3.4% from May 2021 to May 2022.
Four out of five consumers now signal strongly that housing affordability is a problem. One out of three of them says they’ll wait for “the cure” to high prices.
How long will they need to wait?
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