Redfin Reports U.S. Home Prices Inched Up 0.1% in March
Rocket Companies, Inc. Class A (RKT)
Company Research
Source: Business Wire
Home prices ticked up 0.1% month over month on a seasonally adjusted basis.Prices rose 1.9% on a year-over-year basis—the slowest growth rate on record.On a local level, prices fell in 13 major metros month over month, with the biggest declines in Texas and the biggest increase in San Francisco. SEATTLE--(BUSINESS WIRE)--U.S. home prices inched up 0.1% month over month in March on a seasonally adjusted basis, the third straight month of the same increase. That’s according to a new report from Redfin, the real estate brokerage powered by Rocket.Prices rose 1.7% from a year earlier, the slowest year-over-year growth rate in records dating back to 2012. Home-price growth has been slowing since the start of 2025.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 chang
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