{"id":200,"date":"2022-01-12T15:30:37","date_gmt":"2022-01-12T15:30:37","guid":{"rendered":"https:\/\/ebwmtg.com\/blog\/?p=200"},"modified":"2023-08-03T21:12:31","modified_gmt":"2023-08-03T21:12:31","slug":"home-prices-rise-fastest-in-four-decades","status":"publish","type":"post","link":"https:\/\/www.ebwmtg.com\/blog\/home-prices-rise-fastest-in-four-decades\/","title":{"rendered":"Home Prices Rise Fastest in Four Decades"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Prices for homes have been rising for a while now, and a new report indicates that they have been growing fastest since the past four decades. CoreLogic released a new <a href=\"https:\/\/www.corelogic.com\/intelligence\/u-s-home-price-insights\/\">report<\/a> that outlines how home prices have risen by 18 percent from October 2020 to October 2021. The Federal Housing Finance Agency House Price Index also <a href=\"https:\/\/www.fhfa.gov\/DataTools\/Downloads\/Pages\/House-Price-Index.aspx\">shows<\/a> that home prices rose 18.05 percent from the third quarter of 2020 to the third quarter of 2021.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-medium\"><img loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"225\" src=\"https:\/\/www.ebwmtg.com\/blog\/wp-content\/uploads\/2022\/01\/EB-Mortgage-NS1-1-22-300x225.jpg\" alt=\"\" class=\"wp-image-201\" srcset=\"https:\/\/www.ebwmtg.com\/blog\/wp-content\/uploads\/2022\/01\/EB-Mortgage-NS1-1-22-300x225.jpg 300w, https:\/\/www.ebwmtg.com\/blog\/wp-content\/uploads\/2022\/01\/EB-Mortgage-NS1-1-22-1024x769.jpg 1024w, https:\/\/www.ebwmtg.com\/blog\/wp-content\/uploads\/2022\/01\/EB-Mortgage-NS1-1-22-768x577.jpg 768w, https:\/\/www.ebwmtg.com\/blog\/wp-content\/uploads\/2022\/01\/EB-Mortgage-NS1-1-22-1536x1153.jpg 1536w, https:\/\/www.ebwmtg.com\/blog\/wp-content\/uploads\/2022\/01\/EB-Mortgage-NS1-1-22-2048x1538.jpg 2048w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/figure>\n<\/div>\n\n\n<p class=\"wp-block-paragraph\">It\u2019s been more than 40 years since growth of this magnitude has been seen. CoreLogic says the 18 percent growth was the highest number ever recorded in the 45-year history of the housing price index report. Despite the gains, CoreLogic noted that the monthly rate of increase had slowed significantly, signaling home prices could slow down in the upcoming months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Frank Martell, president and CEO of CoreLogic said, \u201cNew household formation, investor purchases, and pandemic-related factors driving demand for the limited supply of available for-sale homes continues to propel the upward spiral of U.S. home prices. However, we expect home price growth to moderate over the near term as many buyers take a break for the holidays.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">From October 2021 to October 2022, home price gains are expected to drop to 2.5 percent, predicting the housing frenzy might substantially subside. This could be good news for buyers interested in purchasing a new home.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Are you interested in securing a mortgage for a new home or trying to get pre-approved? Contact the experts at EB Mortgage today to buy the home of your dreams.<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a><\/a><a href=\"https:\/\/ebwmtg.com\/\">EB Mortgage<\/a> is a locally-owned mortgage company with experts in new home purchase, refinancing, and commercial loans. Our wholesale rates can\u2019t be beaten. We offer more products, more options, and more solutions. Our \u201c3C\u201d Process is simple: complete our pre-approval request, consider options based on your requirements, and choose the offer that suits your needs best. Call us at <a href=\"tel:8662460516\">866-246-0516<\/a> or e-mail <a href=\"mailto:contact@ebwmtg.com\">contact@ebwmtg.com<\/a> today.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Written by the digital marketing staff at Creative Programs &amp; Systems: <\/em><a href=\"http:\/\/www.cpsmi.com\"><em>www.cpsmi.com<\/em><\/a><em>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Prices for homes have been rising for a while now, and a new report indicates that they have been growing fastest since the past four decades. CoreLogic released a new report that outlines how home prices have risen by 18 percent from October 2020 to October 2021. The Federal Housing Finance Agency House Price Index&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"class_list":["post-200","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Home Prices Rise Fastest in Four Decades - Blog | EB Mortgage<\/title>\n<meta name=\"description\" content=\"Home Prices Rise Fastest in Four Decades - Check out our blog to learn the latest and greatest events regarding new home purchasing, refinancing, and commercial loans.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ebwmtg.com\/blog\/home-prices-rise-fastest-in-four-decades\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Home Prices Rise Fastest in Four Decades - 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