The Pace of Housing Prices
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The Pace of Housing Prices

With limited supply, and high demand, prices for houses have soared. Housing economists expect price gains to slow in 2021. Nationally, there were average reported gains of 7.3% in prices, but that pace is expected to slow to 4.1% in 2021, according to Corelogic, a leading property data provider.

But Sowell agent Shelly Rainwater countered with, “I’m not sure the pace will slow here locally as demand is not lessening and Memphis remains a popular relocation destination due to our relatively low housing prices.”

Posted by Emily Keplinger at 7:41 AM

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