Cities with Fastest Home Price Growth

Most U.S. metropolitan areas experienced annual home price increases this spring, driven by gains in the Northeast and Midwest. The national median price for existing single-family homes rose 1.5% year over year to $434,900, with regional differences showing the Northeast and Midwest leading gains, while the West saw a slight decline. Despite rising mortgage rates, home sales increased, supported by steady income growth and improved affordability, though mortgage payments now account for a larger share of income for buyers.

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