The profits of the home price accelerated in December when buyers returned

The profit of the home price reinforcement in December, because the demand for the pent -up buyer caused competition for a limited range of entries.

According to data from S&P Corelogic Case-Shiller, national prices for national national prices rose. That was more than the annual increase of 3.7% in November. After explaining season adjustments, the index has reached a record for a 19th consecutive month.

Have become house hunters used to the mortgage interest rate who have been stuck above 6.5% since the end of October. The inventory of for sale houses has increased and helps to attract more buyers. But the range of mentions remains tight in many areas and offering wars is still breaking out, especially on expensive coastal markets.

A benchmark for values ​​in 20 cities rose by 4.5% in December compared to a year earlier, compared to a profit of 4.3% in the previous month. New York held the first place among those cities with an increase of 7.2%, followed by Chicago and Boston, where prices rose 6.6% and 6.3% respectively.

“Because of this recent market cycle, the ability of Americans to grow wealth has by participating in the front of the American housing market, especially when it is done by securing a lifting tree position by being a mortgage, has proven historically useful,” said Brian Luke, head of raw materials, real and digital assets at S&P Dow Jones, in a statement.

Housing sales have been modest in recent months and entries will remain in some areas, which leads to discounts from sellers.

“The buyer’s question does not usually mean that house prices are climbing,” says Hannah Jones, senior economic research analyst on Realtor.com. “In fact, offer prices have risen in recent months, because sellers want to attract buyers and more small, affordable houses are for sale. Despite the trends in the direction of lower list prices, however, houses with a higher price continue to sell, so that selling prices are higher.”