Mixed Results in US Housing Market: Sales Slow in Some Areas, Prices Rise in Others
TL;DR
Home prices in the US increased by 5.5% YoY in January, but dropped by 0.2% MoM, according to CoreLogic data. The company projected a 3.1% YoY increase in home prices from January 2023 to January 2024. Florida, Maine, and South Carolina saw the highest price increases. The continued shortage of for-sale homes is likely to keep price declines modest, which are projected to top out at 3% peak to trough. The average rates for a 30-year fixed-rate mortgage increased through February and into March, according to Freddie Mac data.
Topics:businessreal-estate#affordability#corelogic#home-prices#housing-market#mortgage-rates#real-estate
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- Central New York home sales down 50% in February syracuse.com
- Citrus home sales shoot back up in February Citrus County Chronicle
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