Home prices climb 1.8% in March, FHFA says
WASHINGTON (MarketWatch) — Home prices climbed 1.8% on a seasonally adjusted basis in March, the Federal Housing Finance Agency said Wednesday. Year-on-year, prices rose 2.7% in March. For the first quarter as a whole, prices rose 0.6% from fourth-quarter levels. “Increased affordability and a somewhat smaller inventory of homes for sale are positively impacting house prices,” said Andrew Leventis, principal economist. The FHFA purchase-only index is based on transactions bought or guaranteed by Fannie Mae or Freddie Mac.