PHILADELPHIA–(BUSINESS WIRE)–Home prices across the United States continued to climb in August, rising at an annualized 15.9 percent from the prior month, the third consecutive month reporting an all-time record month-over-month rate, according to Radian Home Price Index (HPI) data released today by Red Bell Real Estate, LLC, a Radian Group Inc. company (NYSE: RDN). The company believes the Radian HPI is the most comprehensive and timely measure of U.S. housing market prices and conditions available in the market today.
The Radian HPI has risen at an annualized rate of 13.2 percent over the last six months (February 2021 to August 2021), which was nearly double the rate of the same period in 2020. These annualized increases represent the continuation of the general upward trend in home price gains. The Radian HPI is calculated based on the estimated values of more than 70 million unique addresses each month, covering all single-family property types and geographies.
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