Home prices soar suddenly after several months of declines ...Middle East

Home prices rose nationally for the first time in 8 months in February amid continuing inventory challenges and relief in affordability leading to a rise in demand, according to data released on Monday. “In many areas of the country, that dynamic – low inventory and a modest rise in demand – led to an uptick in home prices. All in, 39 of the 50 largest U.S. markets saw prices increase in February – in sharp contrast to just three months earlier, when 48 of those 50 were experiencing price declines,” Black Knight Vice President of Enterprise Research Andy Walden said in a statement. Seasonally adjusted prices increased by 0.16 percent last month as the benchmark 30-year mortg

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Home prices soar suddenly after several months of declines ...Middle East

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