CoreLogic says that demand for homebuying
remained strong through the end of summer. Along with the ongoing shortage of
available homes, demand drove the annual price increase for September to 18
percent. Prices rose 1.1 percent compared to August.

The company says record high prices are
creating additional challenges for entry into the homebuying market. “High demand and low supply levels for
entry-level homes, in particular, are sidelining many would-be first-time
buyers.”

Detached properties continue to appreciate at a much higher rate
than do those that are attached. The annual increase for detached properties in
September was 19.6 percent, 7.4 percentage points higher than for attached
homes.

…(read more)

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