Continued low mortgage interest rates will fuel greater home price increases in 2020, says CoreLogic, a leading real estate data and analytics company. Prices will likely increase by 5.8% through August 2020, which is considerably higher than the price increases that occurred a year before.
Frank Nothaft, Chief Economist at CoreLogic said, “We are in a very special environment for housing demand – for the first time since World War II we have mortgage rates below 4% while at the same time the unemployment rate is below 4%. That’s a golden period that will stimulate activity…”.