March Home Prices Up 8.9%, the Biggest Increase in Four Years » Mortgage Masters Group

The median sale price was $285,700 across the markets Redfin serves. This was the strongest February for price appreciation since March 2014. February also marks six years. market homes was.

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WASHINGTON – U.S. consumer prices rose a moderate amount in May, driven up by rising energy costs and the biggest increase in more than nine years. rates four times this year. But it lowered that.

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The cost of borrowing for a home keeps going up, a potential obstacle to would-be buyers at a time home prices are. in almost four years. That translates into higher mortgage payments and more.

The median home sale price increased 8.9 percent in March from a year ago, the highest price growth in four years. The median home sale price in March was $297,000 in the 174 markets that Redfin tracks. The lack of homes for sale, down 11.9 percent year over year, continued to constrain sales, which declined 3.7 percent.

Bank of America Corp. said last week property values will jump 8 percent this year, up from a prior estimate of 4.7 percent in. by John Sim wrote in the March 13 report. The New York-based firm.

In fact, looking at the latest Mortgage Bankers Association’s Weekly Mortgage Applications Survey, mortgage rates saw their biggest week over week increase since the taper tantrum in June 2013.

The pending home sales index climbed 6.1 percent, the biggest advance since April 2010, after a revised 0.5 percent increase. a 4 percent gain was the highest in the Bloomberg survey. “Mortgage.