As home prices and mortgage rates continued to rise, affording a home became even more difficult during the fourth quarter.
Of 183 metro areas tracked, 67% saw double-digit growth in median home prices during the fourth quarter, down from 78% in the prior quarter and 94% the quarter before, according to a report from the National Association of Realtors.The median price of a home was $361,700 in the fourth quarter, up 14.6% from a year earlier. But it was still a slower pace of growth compared to the third quarter, when median prices rose 15.9% year-over-year.
Here's how much house you can afford in your areaThe most expensive cities got more expensive, with nine of the top 10 priciest cities seeing surges in the double digits. The priciest city in the fourth quarter continued to be San Jose, California, with a median home price of $1,675,000, which was up 19.6% from the previous year.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. Trade Deficit Hit Record in 2021 as Americans Spent on Computers, GamesContinued strong consumer appetite for overseas goods pushed up the U.S. trade deficit in December, sending the full-year import-export gap to a record level in 2021
Read more »
U.S. blocks Mexican fishermen from ports, cites years of illegal fishing in U.S. watersMexico’s foreign minister suggested that much of the cross-border fishing was accidental.
Read more »
USD/INR Price News: Indian rupee pierces off 75.00 on RBI’s inaction, US inflation eyedUSD/INR Price News: Indian rupee pierces off 75.00 on RBI’s inaction, US inflation eyed By anilpanchal7 USDINR CentralBanks Inflation YieldCurve RiskAppetite
Read more »
Opinion | Would Ned Price Lie Us Into War?An AP reporter does his job and pushes back on \u0022intelligence\u0022 behind a reported Russian propaganda film. Bravo.
Read more »
US Dollar Index Price Analysis: Another visit to 95.13 remains probableDXY fades Tuesday’s uptick and resumes the downside, dropping as low as the 95.30 region so far midweek. The inability of the index to garner convinci
Read more »
Senator Elizabeth Warren urges U.S. Justice Dept to aggressively fight price-fixingU.S. Senator Elizabeth Warren, a Democrat who has argued for the breakup of tech giants like Amazon, Google and Facebook, has urged the Justice Department to be more aggressive in fighting price-fixing and to stop making deals with corporate wrongdoers that defer prosecution in exchange for good behavior.
Read more »