US house price inflation slows in March, FHFA says

by Reuters

WASHINGTON, May 28 (Reuters) – U.S. house price growth slowed sharply in March, likely as rising mortgage rates weighed on demand, data showed on Tuesday.

Prices edged up 0.1% in March after surging by an unrevised 1.2% in February, the Federal Housing Finance Agency said in its monthly report on home prices. On a year-over-year basis, prices increased 6.7% in March after advancing 7.1% in February.

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