Home Prices In Boston And Around The Country Saw Double-Digit Growth
BOSTON (CBS) -- The housing market continues to be hot for sellers in Boston and in cities around the country.
The S&P CoreLogic Case-Shiller 20-city home price index, released Thursday, climbed more than 18% in October compared to a year earlier.
Phoenix, Tampa and Miami saw the biggest gains. In Boston, prices jumped more than 15%.
Analysts say the rise is due to a combination of factors, including low interest rates, a limited supply of houses actually up for sale, and people looking to trade up for bigger spaces after being stuck at home during much of the pandemic.
