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Despite Rising Mortgage Rates, Home Prices Jump Most In A Year
02-28-2017, 10:44 AM,
#1
Despite Rising Mortgage Rates, Home Prices Jump Most In A Year
Despite Rising Mortgage Rates, Home Prices Jump Most In A Year

<p>Despite soaring mortgage rates, US home prices rose at 5.58% year-over-year in December according to the latest (lagged) data from S&amp;P Case-Shiller. The <strong>0.93% monthly gain in the best for December in at least a decade</strong>. However, the lagged response (as seen in pending home sales this week) suggests this odd 'stability' in home price appreciation may be set to become more volatile at least...</p>
<p>Fastes price appreciation since Jan 2016... but what happens next?</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/27/20170228_cs1.jpg"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/27/20170228_cs1_0.jpg" width="600" height="313" /></a></p>
<p>&nbsp;</p>
<p>Seattle and Portland dominate the price changes (thank you China) but it appears the <a href="http://www.zerohedge.com/news/2017-02-27/so-whos-pumping-new-normal-housing-market"><strong><em>"Landlord Land"</em></strong></a> is keeping prices bubbly even as rates make everything less affordable.</p>
<p><a href="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/27/20170228_cs2.png"><img src="http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2017/02/27/20170228_cs2.png" width="600" height="470" /></a></p>


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