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Gain insights into market changes with accelerated access to the prior month's data. Fill out the form to download your copy of the First American Data & Analytics April 2024 Home Price Index Report.
Our chief economist Mark Fleming says: “After years of historically low levels of homes for sale, the pace of existing-home listings has modestly increased, bringing much-needed supply to the housing market. However, just as inventory levels have increased, affordability has weakened as mortgage rates have drifted higher in response to the Fed’s decision to keep the federal funds rate ‘higher for longer,’ reducing demand."
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