Housing market has bottomed out, and Americans are buying homes again

The US housing market has now bottomed out, and Americans are piling back into the home-buying market once again, according to CoreLogic. showed a 0.8% rise in February from January. On an annual basis, home prices in February increased by 4.4%, per CoreLogic data.

"But while housing market challenges remain, particularly in light of mortgage rate volatility and the ongoing banking turmoil, pent-up homebuyer demand is responding favorably to lower rates in many markets," she added. For March, CoreLogic anticipates that home prices will climbed 0.2% month over month, and then for February 2024 the firm expects a year-over-year increase of 3.7%. By comparison, home prices have seen annual gains of 4.6% for roughly three decades.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jim Bottrell: The housing market has stabilized, and it's a seller's market -SAN DIEGO (KUSI) – The housing market in San Diego has seen all-time highs in recent years, but prices have dropped consistently since June of 2022. Real Estate Agent Jim Bottrell believes the market has stabilized, and will remain a seller’s market until interest rates drop back into the 2-3% range. Bottrell joined KUSI’s Hunter Sowards to discuss San Diego’s... Now make it illegal for foreign investors to dump their money into American real estate because their own country’s banking systems are trash How many homes has he sold to Blackrock?
Source: KUSINews - 🏆 241. / 63 Read more »