WASHINGTON (Reuters) – The prices of home in the United States have risen strongly in December, despite improving the supply, which will continue with the high mortgage rates in erosion of the ability to withstand costs.
Federal Housing Agency said on Tuesday that home prices increased by 0.4 % on a monthly basis after an increase of 0.4 % in November. It was reported that prices rose 0.3 % in November.
They number 4.7 % in 12 months to December, after an increase of 4.5 % revised in November, which was previously reported as an increase of 4.2 %. The strong increase in prices was despite the high housing supply, which is moved by decline amid high mortgage rates.
Home prices increased by 4.5 % from the fourth quarter of 2023 to the fourth quarter of 2024. Freddy Mac data showed in December that the average firm mortgage rate for 30 years in December.
New housing supplies at the highest level in 17 years. While the stock of the formerly owned homes on the market is still less than prenatal levels, the stock has increased significantly.
Data last week showed drowning in current homes sales in January. The increase in monthly homes led by the middle Atlantic area, which recorded an increase of 0.8 %. But prices decreased by 0.1 % in the central areas northwest and southwest.
All areas of the census have reported the annual home prices in December, where New England and the middle Atlantic areas led the package. There were moderate price increases in the western areas of the south of the center and the Pacific Ocean.
(I participated in the reports of Lucia Motikani; edited by Andrea Ricci)
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