Home Price Appreciation Continues to Accelerate
According to recent data from the Mortgage Bankers Association, home price appreciation & loan sizes continued to accelerate in Q2, 2021. The MBA says this was driven by robust housing demand that continues to outpace the supply of homes for sale.
“While challenges to replenishing the housing supply will persist for the months ahead, an increasing number of younger households approaching homeownership age will support growth over the next few years. We expect that supply will eventually grow enough to help moderate the rapid pace of home price growth as home builders see supply chain bottlenecks ease and existing homeowners start to list more homes for sale.”