First American Financial Corp. has released the November 2021 First American Real House Price Index (RHPI). Real house prices increased 1.5% between October 2021 and November 2021, and increased 21% between November 2020 and November 2021. Real house prices are 5.6% less expensive than in January 2000.
“In November, year-over-year nominal house price appreciation reached 21.5 percent, the sixth consecutive month it has set a new record,” observes Mark Fleming, chief economist at First