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Trulia: Asking House Prices up 10.0% year-over-year in March
Posted to: Around The Web
Wednesday, April 9, 2014 8:00 PM

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From Trulia chief economist Jed Kolko: Home Prices and Population Growth: Cities vs. Suburbs Despite declining investor purchases and more inventory coming onto the market, asking home prices continued to rise at the start of the spring housing season. Month-over-month, asking prices rose 1.2% nationally in March 2014, seasonally adjusted. Quarter-over-quarter, asking prices rose 2.9% in March 2014, seasonally adjusted, reflecting three straight months of solid month-over-month gains. Year-over-year, asking prices are up 10% nationally and up in 97 of the 100 largest metros. Albany, NY, Hartford, CT, and New Haven, CT, are the only three large metros where prices fell year-over-year, albeit slightly. ... In March, rents rose 3.9% year-over-year nationally. Rent increases were higher for apartments

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Mortgage Rates:
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  • 15 Yr FRM 3.25%
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  • Jumbo 30 Year Fixed 3.84%
MBS Prices:
  • 30YR FNMA 4.5 108-01 (0-01)
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  • 30YR FNMA 5.0 110-06 (-0-00)
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  • 30YR FNMA 5.5 111-21 (-0-01)
Recent Housing Data:
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  • Refinance Index -4.83%
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  • Purchase Index -0.52%