Home price growth began increasing in July, this is a sign that the slowdown in home prices caused by the pandemic may be reversing. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 4.8% in the year ending in July. Sales of existing homes have risen 10.5% on an annual basis in August. That included a 44% increase in the sales of homes costing more than $1M. These numbers can be a result of the historically low mortgage rates. Personally, I think the pandemic has given a lot of time to people which is required for people to move out of their house and into a new one.

-Eric Bartos, Domestic Director