403
Sorry!!
Error! We're sorry, but the page you were
looking for doesn't exist.
U.S. Home Prices Witness Annual Growth of 4.8 Percent in January
(MENAFN) US housing prices saw a notable increase of 4.8 percent in January compared to the same month last year, as reported by the Federal Housing Finance Agency (FHFA) on Tuesday.
This annual rise in home prices mirrors the exact percentage increase observed in December, indicating a consistent trend of growth in the housing market.
The FHFA’s data reflects how the housing sector has remained resilient, with home prices continuing to climb despite broader economic challenges.
Looking at the monthly change, home prices in January rose by 0.2 percent, a figure that met market expectations.
This monthly gain followed a revised upward increase of 0.5 percent from the previous month.
The slight growth suggests that while there are fluctuations in the pace of price increases, the overall trend remains positive, with steady increases in home prices on both a monthly and yearly basis.
The data from the FHFA highlights the ongoing strength of the US housing market, which has been marked by rising prices in recent years.
Despite concerns over affordability and other market factors, home prices have shown a steady upward trajectory, suggesting that demand for housing remains strong across the country.
This annual rise in home prices mirrors the exact percentage increase observed in December, indicating a consistent trend of growth in the housing market.
The FHFA’s data reflects how the housing sector has remained resilient, with home prices continuing to climb despite broader economic challenges.
Looking at the monthly change, home prices in January rose by 0.2 percent, a figure that met market expectations.
This monthly gain followed a revised upward increase of 0.5 percent from the previous month.
The slight growth suggests that while there are fluctuations in the pace of price increases, the overall trend remains positive, with steady increases in home prices on both a monthly and yearly basis.
The data from the FHFA highlights the ongoing strength of the US housing market, which has been marked by rising prices in recent years.
Despite concerns over affordability and other market factors, home prices have shown a steady upward trajectory, suggesting that demand for housing remains strong across the country.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.
Most popular stories
More Story
Comments
No comment