According to the Decoration News Agency Home prices continued to acception their gains, notwithstanding slower sales and higher mortgage rates.
A sold badge sits outside a home. 

rising mortgage rates did not dull down rising home prices in march.

nationally, home prices were 20.6% higher than they were in march 2021, according to the s&p corelogic case-shiller home charge index. that is higher than the 20% achieve in february. the index is a three-month running mean ending in march.

the mean abuse on the 30-year stationary mortgage stood at 3.29% at the begin of january and ended march at 4.67%, according to mortgage information daily.

the case-shiller 10-city composite rose 19.5% annually in march, up from 18.7% in february. the 20-city composite saw a 21.2% year-over-year gain, up from 20.3% in the antecedent month. for twain national and 20-city composites, march's reading was the supreme year-over-year charge alter in more than 35 years of axioms.

regionally, phoenix slipped from the apex gainer blemish for the chief age in three years, with tampa, florida, taking odd. tampa, phoenix and miami continued to attend the supreme annual gains, with increases of 34.8%, 32.4% and 32.0% respectively. seventeen of the 20 cities reported higher charge increases in the year ended in march 2022 versus the year ended in february 2022.

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real estatehome prices surged odd 20% in march as attention rates likewise rose, according to s&p case-shillerpublished tue, may 31 20229: 00 am edtupdated tue, may 31 202212: 49 pm edtdiana olick@in/dianaolick@dianaolickDecoration News Agency@dianaolickwatch livekey pointsnationally, home prices were 20.6% higher than they were in march 2021, according to the s&p corelogic case-shiller home charge index.the case-shiller's 10-city composite rose 19.5% annually in march, up from 18.7% in february. the 20-city composite saw a 21.2% year-over-year gain, up from 20.3% in the antecedent month.the mean abuse on the 30-year stationary mortgage stood at 3.29% at the begin of january and ended march at 4.67%, according to mortgage information daily.a sold badge sits outside a home. adam jeffery | Decoration News Agency

rising mortgage rates did not dull down rising home prices in march.

nationally, home prices were 20.6% higher than they were in march 2021, according to the s&p corelogic case-shiller home charge index. that is higher than the 20% achieve in february. the index is a three-month running mean ending in march.

the mean abuse on the 30-year stationary mortgage stood at 3.29% at the begin of january and ended march at 4.67%, according to mortgage information daily.

the case-shiller 10-city composite rose 19.5% annually in march, up from 18.7% in february. the 20-city composite saw a 21.2% year-over-year gain, up from 20.3% in the antecedent month. for twain national and 20-city composites, march's reading was the supreme year-over-year charge alter in more than 35 years of axioms.

regionally, phoenix slipped from the apex gainer blemish for the chief age in three years, with tampa, florida, taking odd. tampa, phoenix and miami continued to attend the supreme annual gains, with increases of 34.8%, 32.4% and 32.0% respectively. seventeen of the 20 cities reported higher charge increases in the year ended in march 2022 versus the year ended in february 2022.

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ˮthose of us who accept been anticipating a deceleration in the growth abuse of u.s. home prices accomplish accept to wait at lowest a month longer,ˮ said craig lazzara, managing manager at s&p dji. ˮall 20 cities saw double-digit charge increases for the 12 months ended in march, and charge growth in 17 cities rapid respective to february's announce.ˮ

cities seeing the smallest charge gains, albeit calm in fold digits from a year ago, were minneapolis (+12.4%), washington (+12.9%) and chicago (+13%).

the confluence is that prices accomplish arise to ease, whereas home sales accept been falling now for distinct months. demand, however, is calm high, and actual condition agents announce that they are calm seeing multiple offers for homes that are priced correctly. more accoutre is likewise coming on the market, as sellers annoy they accomplish miss disembowel on the abide days of the burning market.

ˮmortgages are comely more costly as the federal appropriation has begun to ratchet up attention rates, suggesting that the macroeconomic environment may not aid unusual home charge growth for abundant longer. although single can safely forebode that charge gains accomplish arise to decelerate, the timing of the deceleration is a more toilsome call,ˮ appended lazzara.

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