Seattle home prices rise 13.6% in 2020, second highest in US

Seattle’s housing market bypassed the typical winter lull, and brokers predict we could be headed for a busy spring.

Seattle had one of the hottest housing markets in the country 2020 with home prices climbing 13.6% over 2019.

U.S. home prices surged at the fastest pace in nearly seven years in December, fueled by low mortgage rates and Americans moving from urban apartments to houses in the suburbs.

The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, climbed 10.1% in December from a year earlier. The year-end jump was the biggest since April 2014 and follows a strong 9.2% year-over-year gain in November.

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