“After reaching historic highs with 20% year-over-year increases during the pandemic, home prices are rapidly cooling off in expensive housing markets in the U.S. amid rising mortgage rates, inflation and fears of a recession. New listings on the market declined by 44% year-over-year in February compared to the same time last year and price cuts are up 174% year-over-year, […]
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Home Prices Rising
“Single-family home prices are rising in most metros, and the most expensive real-estate markets in America have not been spared. However, some key markets have seen their prices fall. Single-family existing-home sales prices rose by 4% compared to a year ago in almost 90% of all the metro areas the group measured in the fourth […]
Housing Market Update: Home Prices Post Small Increase as Mortgage-Rate Drop Attracts Buyers
An increase in home searches and tours at the end of 2022 is starting to translate into purchases as mortgage rates fall. Mortgage applications are up 25% and the slowdown in pending sales is easing. The median U.S. home-sale price increased 0.9% from a year earlier to $350,250 during the four weeks ending January 15, […]
