- July 7, 2021
- Posted by: Stratford Team
- Category: Business
Brown Harris Stevens CEO Bess Freedman weighs in on home prices soaring as supply shrinks and demand peaks.
The real estate market continues to notch what experts are characterizing as unprecedented levels of price growth, after another month of gains was recorded in May.
May’s home price growth rate overtook April’s at an annualized pace of nearly 18%, compared with 14.8% the month prior, according to a new report from data analytics firm Black Knight.
May marks the third consecutive month that the growth rate for home prices hit an all-time high.
Early data the firm is tracking from June suggests further growth is likely.
“Frankly, home values are appreciating at rates we’ve simply never seen before, as low interest rates, ultra-scarce inventory and increasingly competitive homebuyers combine to create a truly unprecedented market,” Black Knight’s Data & Analytics President Ben Graboske said in a statement.
LAS VEGAS HOME SETS RECORD…
