Home prices climb 1.8% in March, FHFA says

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.

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Local Portland Realtor with 10 years experience specializing in residential sales and investment property. Tom Ramsey Oregon Real Estate Principal Broker John L Scott Real Estate Phone: 503-481-0501 tomramsey1@gmail.com www.PortlandHouseListings.com
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