First American: Home Prices Remain Resilient
Historical data shows that a relationship between prices and mortgage rates is not straightforward.
Historical data shows that a relationship between prices and mortgage rates is not straightforward.
Monthly home value growth of 1.4% is the highest since June 2022.
CoreLogic says prices rose by 2%
Realtor.com report says home-price growth slowed to 0.9% year-over-year, as inventory growth slowed for third straight month.
Both FHFA, S&P CoreLogic Case-Shiller indexes show year-over-year, month-over-month increases.
Redfin says demand is high, but so are mortgage rates, which are keeping sellers on the sidelines.
For the four-week period ended April 23, new listings of homes for sale fell 22.4%.
S&P Index reported a 2% annual gain in February, down from 3.7% in January.