"U.S. Housing Rebound: Falling Mortgage Payments Entice Buyers as Market Stirs"
Originally Published 2 years ago — by Fox Business
In December, the median sale price for homes in the U.S. experienced its largest increase in over a year, rising 4.4% to $363,371. Newark, New Jersey, and Anaheim, California, led the surge with 18.2% and 18.1% year-over-year increases, respectively. Despite these rises, some metros like Fort Worth and Austin, Texas, saw declines in median sales prices. Concurrently, the median mortgage payment dropped to its lowest in nearly a year, potentially attracting more buyers back into the market.