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U.S. home prices rise at fastest pace in more than 6 years

Posted at 8:20 PM, Jan 27, 2021
and last updated 2021-01-28 03:15:31-05

Home prices continue to surge during the pandemic.

The home price index showed a 9.1% rise in November over the previous year. That's the largest monthly increase since 2014.

RELATED: Southern Nevada housing prices end 2020 in record-breaking territory

Economists say low-interest rates and low inventory are two reasons for the surge.

Another reason, people are spending more time at home and wanting more space.

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