U.S. house price growth slowed sharply in March, likely as rising mortgage rates weighed on demand, data showed on Tuesday.
Expenses including taxes, insurance and utilities all soared during a period of high inflation across the economy.
It is a worrying sign for the Fed, suggesting that the elevated pace of price increases could last longer than expected.
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US home prices reached a record high in March, reflecting the housing market’s persistent affordability crisis.
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WASHINGTON (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 ...