Home prices rise after several months of declines
After falling since last summer, home prices suddenly turned higher due to lower mortgage rates.
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After falling since last summer, home prices suddenly turned higher due to lower mortgage rates.
After falling since last summer, home prices suddenly turned higher due to lower mortgage rates.
Home prices rose in February amid higher demand and lower inventory in a sign that the housing market may be stabilizing after crashing under the weight of soaring mortgage rates and dampened demand.
Lower mortgage rates during the early part of the month, along with fewer properties for sale helped to drive values higher.
The U.S. housing market is divided when it comes to home price trends. It’s the East versus the West. While home prices are up on the east side of the country, the West continues to see steep home price declines, according to the latest Black Knight mortgage report.