A prolonged inventory shortage during a time of high demand has sent home value growth skyrocketing -- even hitting double digits in some areas of the country
- Home values rose to $259,906, up 2.2% since June, which is the largest quarterly increase since 2013.
- Typical U.S. rents dropped slightly in September to $1,756 after sustaining a 0.5% monthly decline in August. Rents continue to fall in the nation's most expensive cities.
- Persistent strong demand drove inventory to record lows, down 36.4% year over year, and list prices up 11.6% above 2019 in the week ending Oct. 10.
PR Newswire
SEATTLE, Oct. 16, 2020
