The State of Home Prices: Trends and Predictions.

Home prices in the US rose 0.16% in February, the first increase in seven months, bringing prices within 2.6% of their June 2022 peak, according to Black Knight's Mortgage Market report. However, annual growth rates are down to 1.94%, the smallest since early 2012. The report suggests that growth rates could fall to zero by April if inventory remains depressed and interest rates ease. The rising prices threaten to worsen affordability, with home affordability remaining below long-run averages in 49 of the 50 states.