House Prices Keep Rising Despite Fears Of Market Crash
The average house price for April was also 18.8 percent higher this year than it was in the same month in 2021, according to the Federal Housing Finance Agency, whose index likely reflects a slowdown of the housing market amid a limited supply of new homes. Rising mortgage interest rates have sparked fears among analysts of a looming crash in the housing market. “House price appreciation continues to remain elevated in April,” said Will Doerner, supervisory economist in FHFA’s Division of Research and Statistics....