The median existing home price was $363,000 in February, down 0.2% from a year ago. This marks the first monthly year-over-year price decline since February 2012. Regionally, prices fell more from a year ago in the West and Northeast , where housing is more expensive. But prices were still climbing from last year in the South and the Midwest . “This is not the bottom for prices,” said Lawrence Yun, chief economist for NAR.
” Home buyers show rate sensitivity Sales of existing homes gained ground in February as buyers responded to mortgage rates that were slightly lower, said Hannah Jones, economic data analyst at Realtor.com. “Pent-up housing demand continues to be sensitive to mortgage rate changes as potential buyers take advantage of any improvement in affordability,” she said. The huge jump in sales was surprising, said Yun, showing just how sensitive homebuyers are to slight reductions in mortgage rates.
God is Real So many times The People don't help Others who really needs a Place to live they rather allow the houses to fall apart or raise the Prices where they can't afford them They only Help People who They want to Help People who may have more money God knows Our Hearts 💕
We did it, Joe
find out whom is delaying all trumps indictments and you will learn who is paid by trump to evade all justice because trump must continue to habitually break the law and rub our face in it. its his TV reality show, and a psyc behavioral need that must be met.
TRUMP 2024🇺🇲🇺🇲🇺🇲
Wait til Trump is president again.
Fox News Channel continued to crush basic cable last week while CNN had its worst primetime performance in three decades among the target demographic coveted by advertisers.
Not out of the woods by a country mile!!!
People who make 60k are getting mortgages for 400,000 while houses are 500,000 minimum. Our country is ass backwards for money.
Home prices need to fall another 20% to 50% to line up with actual income in the US.
Could you imagine if the races were reversed? You'd be running this non stop.
Those prices have to fall. The rise in interest rates has made buying a home unaffordable. If a seller wants to sell, he/she has to lower the price.
Great news
No one under 27 will ever be able to afford one lol
Not in chicago suburbs....
That's because nobody can afford a home anymore thanks to Biden. What an absolute disgrace he is.
Interesting, my neighbor sold his home yesterday within 24 hours and made at least 200k off of it.
Interest rates have consequences
High interest rates not helping me getting a home. Now I have to wait for home prices to fall 25% before I can afford one.
A .2% decrease 💀💀💀
Where exactly home prices fell? Is not happening in San Diego county.
Home prices are astronomically high per median income and buyers should refuse to pay it .
Crash! Boom! BAM!!! Economy is going to crash!!
Atta boy Joey ! Best economy ever … retirement has list 30% and now housing value is down 15%. Keep up the great work 🙄
Doesn't matter when the interest rates have doubled and will go up even more to tap inflation
10% apr not good enough for people?
Still hard to get one with these interest rates
on dirait la maison que je construit sur Icarus ^^
Thanks Biden
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