1.2% rise in US home prices in March, third consecutive month of above-average growth.
ICE HPI reported a 1.2% rise in US home prices in March, marking the third consecutive month of above-average growth despite rising interest rates. Mortgage holders' tappable equity hit a record $11 trillion, with 48 million homeowners averaging $206k per borrower. The top five markets for tappable equity are Los Angeles, San Francisco, San Jose, San Diego, and Seattle, accounting for 24% of the total.
May 06, 2024
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