US Home Prices Again Rise as Tight Supply, Mortgage Rates Evaporate Affordability
By Andrew Moran Home prices rose in October as lackluster housing supply continues to prop up the U.S. real estate market despite higher mortgage rates. The average price of a single-family home with a mortgage guaranteed by Fannie Mae or Freddie Mac climbed by 0.3 percent in October, according to the Federal Housing Finance Agency (FHFA). That was down from an upwardly revised 0.7…
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