Home prices rose in most metro areas, but the market remains sluggish, report finds

A Straight Arrow News report highlights why the U.S. housing market remains sluggish even as home prices rise in the majority of metro areas. While slight dips in mortgage rates have offered a glimmer of hope, economists note that high interest rates and elevated homeownership costs continue to strain buyers. 

Penn IUR Co-Director Susan Wachter explains, the current market is moving slower than in previous years due to uncertainty and affordability pressures, and emphasizes that the national real estate landscape is highly fragmented:

Home prices are not keeping up with inflation...