Mixed Results in US Housing Market: Home Prices Fall and Rise in Different States
TL;DR Summary
US home prices have posted their first annual decline since 2012, with the median sale price for previously-owned homes falling to $363,000 in February, a decrease of 0.2% compared to the same month one year earlier. The US housing market has suffered as the Federal Reserve’s interest rate hikes drive major volatility in long-term mortgage rates. However, the volume of existing-home sales jumped 14.5% in February to a seasonally adjusted annual rate of 4.58 million – the first increase in 12 months.
Topics:business#existing-home-sales#home-prices#mortgage-rates#national-association-of-realtors#real-estate#us-housing-market
- Home prices fall for first time in a decade after record-setting run New York Post
- Home prices just broke a decade-long streak CNN
- Existing home sales jump in February as mortgage rates fall Yahoo Finance
- Home Prices Fell in February for First Time in 11 Years The Wall Street Journal
- Final numbers show Utah home prices rose from January to February KUTV 2 News Salt Lake City
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