Posted 4/4/2024, 12:08:48 PM
Housing Market Cools Over Easter But Remains Strong Overall Despite Higher Rates
- New listings and buyer demand slowed over Easter break, but expected to pick back up
- Median home sale price up 4.7% year-over-year to $376,223
- Mortgage rates rose to 7.07%, deterring some buyers
- Economists predict housing costs could fall if rates drop after upcoming jobs/inflation reports
- West Palm Beach, San Jose, and Anaheim saw biggest yearly home price increases; Atlanta and Houston pending sales fell the most