Mixed Results for U.S. Housing Market in February
TL;DR
Dallas-Fort Worth recorded the smallest annual increase in home prices since 2012 as higher mortgage rates put a pause on deals for many potential buyers. Typical single-family home prices in the region were up just 2% in February from a year before, according to the latest reading of the S&P CoreLogic Case-Shiller Index released Tuesday. However, a strong spring selling season could put an end to the slump in activity. Despite elevated interest rates, homebuilders and real estate agents have reported a solid amount of spring buying activity largely due to continued low inventory in the region.
Topics:businessreal-estate#dallas-fort-worth#home-prices#housing-market#mortgage-rates#real-estate#spring-selling-season
- Growth in D-FW home prices falls to decade low The Dallas Morning News
- Home prices rose in February, breaking 7-month streak of declines Yahoo Finance
- For subscribers: San Diego home prices are rising again. Up 5% in a month The San Diego Union-Tribune
- U.S. house prices rose 0.5% in February CBS News
- Mortgage Rates Plunge Housing Market Into Turmoil: What to Expect From Case-Shiller InvestorPlace
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