2021 Housing Market Frenzy Concludes With Double-Digit Price Growth
Colder weather may be settling in, but new housing data suggests the winter market is heating up, as looming mortgage rate hikes motivate more buyers to search for a home despite limited options.
Listing price growth renewed its momentum in December, with the annual pace returning to the double-digit territory seen throughout the past year’s ultra-competitive spring and summer seasons, according to Realtor.com’s housing trends report released Thursday.
“December data offers a fitting finish to the frenzy of the past year,” said Realtor.com chief economist Danielle Hale. “Annual listing price growth hit double-digits again nationwide and in many of the hottest markets, after four months of single-digit pace this…