In the first year of the pandemic, home values defied expectations by skyrocketing. During the second year of life with COVID, property prices soared even more.
U.S. home prices now are at record levels, and the upward trend shows little signs of slowing. The supply of homes for sale remains low, and bidding wars are still common — even amid increasing affordability challenges and a spike in mortgage rates in recent months.
Not the same as 2008
