Mixed Results in US Housing Market: Sales Slow in Some Areas, Prices Rise in Others
TL;DR Summary
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.
- Home prices increase amid struggling housing market: CoreLogic Fox Business
- Realtors Report Steady Prices, High Demand in Loudoun Loudoun Now
- SLO County’s median home price rises while sales slow. Here’s what’s happening in your town San Luis Obispo Tribune
- Central New York home sales down 50% in February syracuse.com
- Citrus home sales shoot back up in February Citrus County Chronicle
Reading Insights
Total Reads
0
Unique Readers
0
Time Saved
3 min
vs 4 min read
Condensed
87%
706 → 89 words
Want the full story? Read the original article
Read on Fox Business