Summary:
According to the Federal Housing Finance Agency (FHFA), U.S. home prices experienced another impressive rally in the third quarter of 2023. The report indicates a significant increase of 2.1% from the previous quarter and an even more substantial surge of 5.5% when compared to the same period in 2022.
Key points:
– U.S. home prices saw a remarkable rise in Q3 2023.
– The FHFA reported a 2.1% increase in prices compared to the previous quarter.
– In comparison to Q3 2022, home prices surged by 5.5%.
– This significant growth reflects the continued strength and confidence in the U.S. housing market.
– The upward trend in prices may signal tight inventory and strong demand within the sector.
– Homeowners and investors alike can expect their property values to continue to appreciate.
– The FHFA’s report reaffirms the positive market sentiment and emphasizes the potential for further growth in the future.
You can read this full article at: https://www.housingwire.com/articles/low-inventory-drives-u-s-home-prices-up-5-5-year-over-year-in-q3-fhfa/(subscription required)
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