After seasonal adjustment, the national index rose 0.5% in April from March. Both the 10-City and 20-City composites saw increases, too, rising 1% and 0.9%, respectively. Before seasonal adjustments, the national index rose 1.3% from March. April’s increase comes after an uptick in February that snapped a seven-month streak of month-over-month declines. “The US housing market continued to strengthen in April 2023,” said Craig Lazzara, managing director at S&P DJI.
In March 2022, the Federal Reserve enacted the first of what would be a string of 10 consecutive interest rate hikes, throwing ice cold water over the housing market and other rate-sensitive industries in an attempt to combat decades-high inflation. Low inventory is keeping prices strong Although mortgage rates have risen since last year, prices remain strong in part because there are fewer options available for those who can still afford to buy.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: CNN - 🏆 4. / 95 Lire la suite »
La source: CNN - 🏆 4. / 95 Lire la suite »
'Enormously costly' business loan fraud drove home price inflation in certain markets, research suggestsCovid-19-era PPP loan fraud may have contributed to home price inflation in certain U.S. markets, research suggests.
La source: CNBC - 🏆 12. / 72 Lire la suite »