Declining mortgage rates could have improved affordability for buyers in the housing market in February, but instead spurred a demand that, combined with a persistent lack of inventory across the U.S., put more pressure on home prices. 

According to the Black Knight’s mortgage monitor report, home prices rose 0.16% nationally in February compared to the month prior, marking the first monthly increase after seven months of declines.

In total, 39 of the 50 largest markets saw home prices increase on an adjusted basis in February. To compare, prices fell in November in 48 details ⇒

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