US home prices in February rose more than 6% from the prior year, the fastest pace since November 2022 as a lack of supply feeds demand.
Home prices in February rose at the fastest clip since Nov. 2022, according to national home price data released Tuesday.
"The first decline followed the start of the Federal Reserve’s hiking cycle. The second decline followed the peak in average mortgage rates last October. Enthusiasm for potential Fed cuts and lower mortgage rates appears to have supported buyer behavior, driving the 10-and 20- City Composites to new highs."
"Looking ahead, while still high mortgage rates will prevent a house price boom, we think the combination of tight supply and rising buyer demand will deliver a few more years of solid house price growth."A 'For Sale' sign is posted on the lawn in front of a home on March 15, 2024, in Miami, Florida. In this article, we will be covering the 20 states with the highest percentage of mobile homes in the US.
Striking tenants in Thorncliffe Park marked almost one year of withholding rent Sunday in protest of above guideline rent increases applications for their buildings.Tenants in 71, 75 and 79 Thorncliffe Park Drive gathered in front of their buildings to send a message to their landlords Starlight Investments and PSP Investments that they aren't going to stop until those applications are withdrawn — despite the eviction notices they've been served.
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