Home prices

But scarce housing inventory has helped to bring home equity values back upward, offsetting some of the losses of late 2022.

The 30-year average for both conforming and jumbo loans jumped more than 20 basis points, according to the Mortgage Bankers Association.

But there are regional variations in housing markets across the country, the Federal Housing Finance Agency said.

The decrease between February and April came in far smaller than typical seasonal trends, Redfin said.

Home price overvaluations over 10% are easing in some markets, analysts say, but RMBS investors are still cautiously tightening liquidity amid uncertainty.

Refinance applications surged by almost 10%, the highest level of activity since September, with federally backed activity jumping by almost 24%.

Homes in the top five states have an average of $222,964 in 2022, according to LendingTree.

The median price slipped 0.2% in February from a year earlier to $363,000, according to the National Association of Realtors.

Homes in the top five states have an average of $512,836 in 2022, according to LendingTree.

Housing costs increased at the slowest pace in over a decade nationwide, even while monthly growth now exceeds its pre-pandemic level.