Home Price Rises Further During Pandemic Buying Rush
Luckily for home sellers, home prices have seen a surprising growth in July. According to the S&P Corelogic Case-Shiller National Home Price Index, home prices rose .8 percentage from June to July after staying flat in May. They rose to 4.8% in July. While the spring season started out slow, it quickly ramped up as businesses opened back up after weeks of lockdown. Buyers were in a rush to lock down a historically low mortgage rate and seller’s to cash…