Home price growth is back at pre-pandemic levels. Here's what that means for buyers and sellers
Publishing timestamp: 2024-03-25 08:30:01
Summary
U.S. home prices increased 0.6% in February, in line with pre-pandemic trends. Market stability seen in price growth, but low number of transactions due to high mortgage rates. Limited supply of homes affecting sales. New-home market benefiting from frustrated buyers of existing homes. Forecast for modest decline in mortgage rates and flat home prices nationally.
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Keywords: interest rates, mortgages, real estate, personal loans, mortgage rates, personal finance, redfin corp, business news, breaking news: investing, housing, united states, mortgage financing, investment strategy,
Source: https://www.cnbc.com/2024/03/25/home-price-growth-slows-what-it-means-for-buyers-and-sellers.html