In 2023, the national appreciation rate in the mortgage industry reached 3.9%, which marked a significant rebound to pre-pandemic levels. This positive trend reflects renewed stability and economic growth within the housing market. Despite the challenges faced during the pandemic, this increase showcases the industry’s resilience and potential for sustainable recovery.
Key points from the text:
– National appreciation rate in the mortgage industry reached 3.9% in 2023
– Signifies a return to pre-pandemic average
– Reflects renewed stability and economic growth within the housing market
– Demonstrates the industry’s resilience and potential for a sustainable recovery.
You can read this full article at: https://www.housingwire.com/articles/annual-home-price-gains-may-have-reached-cycle-peak-corelogic/(subscription required)
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