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Home prices grew at the fastest-ever rate in February as the market boom charged on, FHFA says

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Chris Delmas/AFP/Getty ImagesThat's the fastest yearly gain on record and represents a $35,000 jump in the median home sale price.

Year-over-year price growth was strongest in the Mountain region — which includes Wyoming, Colorado, Utah, Arizona, and New Mexico — at 15.4%. Home inflation was weakest in the West North Central division — which includes Iowa, Nebraska, Kansas, and Missouri — at a still considerable 10.5%.

 

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Greedy investors are pushing prices up with all-cash deals and squeezing out first-time, owner-occupied buyers.

yeah shoutout to all the foreign investors who scooped cheap af houses in which we will have to buy for hella expensive in the future !!!

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