Reported 2 days ago
U.S. single-family house prices saw a solid increase of 0.4% in December, following a similar rise in November, according to the Federal Housing Finance Agency. Over the past year, prices rose by 4.7%, amidst an improving housing supply and elevated mortgage rates that threaten affordability. The average 30-year fixed mortgage rate was just under 7% in December, as new housing supply hit a 17-year high, despite existing home inventories remaining low. The Middle Atlantic region experienced the highest monthly price increase of 0.8%, while the West North Central and West South Central regions saw a slight decline.
Source: YAHOO