Mixed Results for U.S. Housing Market in February

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.