First-time homebuyers still face barriers to entry
By Brena Swanson | HousingWire
The National Home Price Index, covering all nine U.S. census divisions, increased 5.3% annually in February, unchanged from the previous month, breaking a 10-month streak where the year-over-year figure increased over the previous month, the latest S&P/Case-Shiller report found.
“While one month does not make a trend, this is a sign that the US housing market may be stabilizing in the wake of strong price appreciation between 2012 and 2014,” said Ralph McLaughlin, chief economist for Trulia.
