Core Logic recently released its Home Price Insights Report, a comprehensive and current home price trends source. The report notes that strong demand and short supply are continuing to push housing prices higher (+11.3% year over year and +2% month over month). The report also reveals that Millennials are leading the homebuying charge, with older Millennials seeking move-up purchases and younger Millennials entering peak homebuying years.

A pick up in construction and an increase in for-sale listings as more people get vaccinated may help moderate the surging home price growth, but only time will tell.