The median home price in the United States fell in February for the first time since 2012.

(File photo, Bloomberg)

[Financial Channel/Comprehensive Report] According to the data released by American real estate agency Redfin (Redfin) on Friday (17th), the median house price in the United States increased by 1% in February to US$386,721 (approximately 11.904 million yuan) New Taiwan dollars), but the annual decrease was 1.2%, the first annual decrease since 2012, mainly due to the continuous interest rate hikes from the Federal Reserve, which made mortgage interest rates higher, making buyers hold back and sellers forced to lower prices.

According to statistics, 14.2% of the houses for sale in the United States experienced price cuts in February, which is 8.6 percentage points more than the same period last year; the average 30-year mortgage rate in the United States in February was 6.26%, which was 2.5 percentage points higher than the same period last year.

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Andrew Vallejo, a Redfern real estate agent in Austin, Texas, said buyers are struggling because higher interest rates increase the cost of buying a home, and sellers are not doing much better because they are still adapting. The current state of the market, i.e. their home prices, will not be as good as what the neighbors sold for 1 year ago.

Redfern pointed out in the report that it is worth noting that after the collapse of Silicon Valley Bank, the US housing market changed in March. As the market expects the Fed to raise interest rates further, this will bring more home buyers back to the market. market.

Laxmi Penupothula, a real estate agent in Redfern in San Jose, CA, said that the housing market situation in March was more complicated than in February. There are still buyers in the Bay Area, but some of them People are upset because they hear rumors of layoffs at company meetings, read reports about banking problems, and see their stock portfolios go up and down.

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