Interest rates drove the market in February with the average interest rate for 30-year fixed-rate mortgage returning to a 3-year low at 3.45%. The U.S. economy remained strong and unemployment seemed unchanged until later in the month when Coronavirus fears brought a decline in showings and in the stock market. Overall, the median price was up 4.5% to $280,000 and inventory remains low and is down 22.7%
Leave a Reply