U.S. Home Prices Inch Up in March Despite Higher Mortgage Rates -- Market Talk

Dow Jones04-21

1040 ET - U.S. home prices inch up 0.1% month over month in March, Redfin says. That's the third straight month of the same increase. Prices rose 1.7% from a year earlier. Home-price growth has slowed this year on a year-over-year basis because demand is tepid. Many would-be buyers have backed off due to high mortgage rates and uncertainty about the U.S. economy. Mortgage rates rose from 6% to 6.4% in March, largely because the war in Iran pushed up oil prices and pushed markets into turmoil. But prices are still rising, not falling, because new listings of homes for sale are declining. There are still hundreds of thousands more home sellers than buyers in the market, but now some homeowners are opting to stay put rather than list their home into a soft market. (chris.wack@wsj.com)

(END) Dow Jones Newswires

April 21, 2026 10:40 ET (14:40 GMT)

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But prices are still rising, not falling, because new listings of homes for sale are declining. There are still hundreds of thousands more home sellers than buyers in the market, but now some homeowners are opting to stay put rather than list their home into a soft market. 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