U.S. Home Prices Climbed 5.7% in First Quarter From Prior Year
ByU.S. home prices rose 5.7 percent in the first quarter from a year earlier as buyers competed for a limited supply of listings.
Prices climbed 1.3 percent on a seasonally adjusted basis from the previous three months, the 19th consecutive quarterly gain, the Federal Housing Finance Agency said in a report Wednesday from Washington.
Home prices have risen as job growth brings out more buyers in a market starved for choices. There were 1.98 million houses for sale at the end of March, down 1.5 percent from the same month last year, according to the National Association of Realtors. While the U.S. has a whole had robust gains, prices fell from the previous quarter in 12 states and the District of Columbia, the FHFA said…
U.S. Home Prices Climbed 5.7% in First Quarter From Prior Year
