March 2022 - Demand for Ownership Housing Remains Strong

Friday Mar 18th, 2022

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February home sales were down compared to the all-time record in 2021 but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to support double-digit price growth year-over-year. Undoubtedly, the recent interest rate increase along with the higher rate of inflation will weaken... [read more]

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