from the National Association of Realtors, exceeding analysts’ expectations and breaking a 12-month streak of steady declines. It’s the biggest monthly percentage increase since July 2020, although sales are still down 22.6 percent from a year ago.
The jump in sales activity confirmed some economists’ assertions that the U.S. housing market had already reached the bottom of its year-long slump.“The housing recession is over as spring comes early this year and has realtors shouting hallelujah,” said Chris Rupkey, chief economist at FWD Bonds, a New York-based markets research company.
Prices varied significantly from one region to the next. In the South and Midwest, home prices increased by 2.7 percent and 5 percent respectively over the past year, according to NAR.
For a good time, call the number on the sign.
They just caught a falling knife. Yay.
“Steady declines for the past year”… After 2 years of absurdly overvalued prices.
My parents paid $16,000 dollars for their first house “3 bed full basement 1 bath 2 car garage in the mid 60s and today you expect us to pay $350,000 for the same house and our pay is just $20 dollars more an hour than our parents was making back then ?
This tweet affords JeffBezos so-caIIed 'yacht'
Stagnant prices? Have you seen these home prices and compared them to median income ? Simple mathematics and It doesn’t work!
Lower mortgage rates? Are you joking Washington post. Please stop pushing propaganda and blatant lies to make the Biden admin look good!! The housing market is still completely jacked, and rates are in the 6-7% range still.