February Home Prices Reach Record High Despite Mortgage Rate Hikes
Tuesday, 30 April 2024, 13:23
February Home Prices Surge Amid Rising Mortgage Rates
In the latest report by S&P Case-Shiller, it was revealed that home prices in February saw a significant surge despite the higher mortgage rates. This increase comes on the heels of a notable 6% annual gain from the prior month.
Record Growth in Home Prices
The data showcased the fastest rate of price growth since November 2022, indicating a robust performance in the housing market amidst prevailing economic conditions.
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