S&P 500, Nasdaq fluctuates in the middle of the income, hopes for the facilitating of the car tariff

Real estate prices rose again in February because the limited offer continued the market in terms of high mortgage interests and affordability problems.

The S&P Corelogic Case-Shiller National Home Price Index rose by 0.3% in February in February and loosened from the monthly win of 0.5% in January.

Every year prices rose nationally by 3.9%, less than the 4.1%observed in January.

The index tracking prices in the 20 largest US cities rose by 0.4% in February in January and corresponded to the monthly estimate of the Bloomberg consensus.

The 20-city index rose by 4.5% compared to the last February compared to an annual increase of 4.7% in the previous month.

“Even if the mortgage interest rates in the middle of 6% and the affordability have shown that real estate prices have shown remarkable resilience,” wrote Nicholas Godec, head of the fixed income at S&P Dow Jones Indices, in a press release.

“The demand from the buyers has certainly cooled down compared to the frenzied pace of previous years, but the limited range of housing continues to control prices in most markets. Instead of a broad decline, we see a slower, more sustainable price growth.”

The mortgage interest continues to float around 6.8%, since market volatility continues in relation to customs -related messages. According to Freddie Mac, the average 30-year-old rate was 6.81% until last week, which hardly changed from 6.83% per week earlier.