Redfin Reports U.S. Home Prices Ticked Up 0.2% in March, the Slowest Pace Since 2022
Redfin Corporation (RDFN)
Last redfin corporation earnings: 2/12 04:01 pm
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Source: Business Wire
Twenty of the 50 most populous U.S. metros recorded a drop in home prices month over month SEATTLE--(BUSINESS WIRE)--(NASDAQ: RDFN) — U.S. home prices ticked up 0.2% from a month earlier in March on a seasonally adjusted basis, the slowest pace since December 2022, according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Home prices were up 4.6% on a year-over-year basis, down from 5.1% growth in February. That’s the 11th consecutive month that annual growth has slowed and the first time it dipped below 5% since August 2023.This is according to the Redfin Home Price Index (RHPI), which uses the repeat-sales pricing method to calculate seasonally adjusted changes in prices of single-family homes. The RHPI measures sale prices of homes that sold during a given period, and how those prices have changed since the last time those same homes sold.The RHPI has only recorded month-over-month price declines on two occasions, both in mid-2022, when sp
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