Houses and apartments have risen in price by 4.4% in 12 months.
In the 3rd quarter, housing prices increased by 2.86% year-on-year, in the 2nd quarter by 3.76%.
Despite the fact that the Federal Reserve lowered interest rates in September and early November, mortgage rates rose along with U.S. Treasury yields amid strong economic indicators and investor concerns that the policy of President-elect Donald Trump, including an increase in tariffs on imported goods and mass deportations may lead to a resumption of inflation.Mortgage rates follow 10-year Treasury bonds and offset the overall decline seen in September.
The average rate on the popular 30-year fixed-rate mortgage is now slightly less than 7%, and in September it dropped to almost 6%.
Source: Reuters
