1217 ET - Home prices increased in all 50 major U.S. metros in December for the first time since May 2022, according to Redfin. This follows a year where prices only rose in 41 metros after dropping due to high mortgage rates in 2023. Prices had hit a low in April 2023, increasing in just 19 metros. The recovery is attributed to buyers adjusting to higher rates and a housing shortage. December saw the largest annual price jump in nearly a year, with a median price of $427,670, up 6.3%. Cleveland led with a 15% rise, followed by Milwaukee, Philadelphia, Miami, and Chicago. Many sellers have a very specific number in mind because they saw during the pandemic, Redfin says. They're willing to walk away if they don't get that number, which is one factor keeping prices high. (chris.wack@wsj.com)
(END) Dow Jones Newswires
January 21, 2025 12:17 ET (17:17 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。