With prices up 22% over the last year, an influx of new residents lured by the city’s strong economy and amenities is keeping it at No. 1, according to the Wall Street Journal/Realtor.com Housing Market Ranking.
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Another high inflation reading will continue to make it difficult for the Fed to cut rates in the near term.
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“Consumer attitudes toward home-selling conditions increased markedly in February,” Fannie Mae’s chief economist says.
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The large inland estate, which includes main and secondary houses and 4,000 lychee trees, served as a beloved multigenerational property.
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Housing market saw above-average price gains despite rising cost of mortgage financing, Case-Shiller says.
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Meanwhile, a fifth of aspiring buyers think they will never be able to save enough for a home, Bankrate says.
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U.S. new-home sales rose 1.5% to an annual rate of 661,000 in January, from a revised 651,000 in the prior month.
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Conservatives who leave Democratic states are often looking for a politically favorable new home.
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The median price for an existing home in January rose 5.1% to $379,100, compared with the same month a year earlier.
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“The origins of segregation live much earlier” than discriminatory public policies, says Colin Gordon, author of “Patchwork Apartheid.”
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