Home values rose 5.5 percent in March from a year ago and sales picked up by 4.3 percent as the city began its spring thaw after a three-month winter slowdown.
Inventory continues to show big gains. The total number of houses, condominiums and co-ops on the market rose 25.6 percent in March from a year ago, the 11th straight month of growth.
Spring is a bad time for housing to catch a chill, but that’s the latest diagnosis from Fannie Mae’s monthly consumer survey. Attitudes toward homeownership hit a low in March, and more people think the economy is on the wrong track.
The housing market showed continued signs of strength last month, pointing toward a healthy spring season. In welcome news for buyers, newly listed homes shot up by 11.5 percent over last year, the largest increase since October 2013. Across the 50 major metros that Redfin tracks, the number of homes sold increased 3.2 percent year […]