U.S. Home Prices Still Rising on Low Inventory -- Market Talk

Dow Jones05-22

1231 ET [Dow Jones]-- U.S. home prices keep rising. Prices climbed 0.5% from a month earlier in April, and rose 7.3% from a year earlier, says Redfin. Home-sale prices have been rising by about a half of a percentage point per month for the last six months. Price growth has stabilized at this rate following dramatic ups and downs during the pandemic home-buying boom and is now on par with pre-pandemic levels. Elevated mortgage rates and high home prices have cooled home-buyer demand, but prices continue to tick up because there aren't enough homes for sale. New listings have increased in recent months but remain roughly 20% below pre-pandemic levels. That's largely because many homeowners don't want to sell, as they feel "locked in" by the low mortgage rate they scored during the pandemic. (chris.wack@wsj.com)

(END) Dow Jones Newswires

May 21, 2024 12:35 ET (16:35 GMT)

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Prices climbed 0.5% from a month earlier in April, and rose 7.3% from a year earlier, says Redfin. Home-sale prices have been rising by about a half...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2437284554","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2437284554","pubTimestamp":1716309300,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"1231 ET [Dow Jones]-- U.S. home prices keep rising. 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","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4211":"区域性银行","RDFN":"Redfin Corp","BK4548":"巴美列捷福持仓","BK4195":"互助储蓄与抵押信贷金融服务","CFA.SI":"NikkoAM-STC Asia REIT","HBCP":"Home合众银行","BK4079":"房地产服务"},"translate_title":"美国房价因低库存仍在上涨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFA.SI":1,"HBCP":1,"RDFN":0.9},"content_text":"1231 ET [Dow Jones]-- U.S. home prices keep rising. Prices climbed 0.5% from a month earlier in April, and rose 7.3% from a year earlier, says Redfin. Home-sale prices have been rising by about a half of a percentage point per month for the last six months. Price growth has stabilized at this rate following dramatic ups and downs during the pandemic home-buying boom and is now on par with pre-pandemic levels. Elevated mortgage rates and high home prices have cooled home-buyer demand, but prices continue to tick up because there aren't enough homes for sale. 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