The Pacific Northwest, led by Washington, continues to lead the way for house-price growth in March, according to data released Wednesday.
CoreLogic reported a nationwide 7.1% gain in prices in the 12 months ending March, including a 12.8% gain in Washington. Neighboring Oregon had 9.4% growth, and Utah enjoyed 9.9% growth, according to the CoreLogic data.
West Virginia and Alaska were the only two states that saw prices drop over 12 months, with the Mountaineer state falling 1.2% and Russia’s neighbor seeing a 0.8% drop. Mississippi and Connecticut saw sub-1% growth.
Solid jobs growth, low interest rates, and a limited supply of inventories have all helped prop up house prices.
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