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Home Sales Growth Slows to 7-year Low

Mortgage News > Home Sales Growth Slows to 7-year Low
Date: 03/19/2019    Home Sales Growth Slows to 7-year Low

February U.S. home sales rose just 0.6% from the year before, according to data from Redfin, the smallest yearly gain since March 2012. The national median sales price rose to $287,400, up from $286,000 in February 2018. Prices did fall in 10 of the 85 metro areas tracked by Redfin, though, including drops in New York City and San Jose, Calif. The rate of price growth overall (1.5%) is now lower than the rate of inflation.

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