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Single-family home prices in the US increased 7.4% from Q1 2023 to Q1 2024, up from the prior quarter's 6.6% annual growth rate, according to Fannie Mae's Home Price Index; on a quarterly basis, prices increased 1.7%

Fannie Mae Home Purchase Sentiment Index decreased 0.9 points to 71.9 in March, the first decline since November 2023; those saying it is a bad time to buy decreased to 79% from 81%, share saying it is a good time to sell increased to 66% from 65%

Fannie Mae notes February jump in existing home sales may prove unsustainable, lead to pullback in March, while low supply continues upward pressure on prices; February strength in new homes partially reflects rebound from poor January weather conditions

Fannie Mae Home Purchase Sentiment Index increased 2.1 points to 72.8 in February; those saying it is a bad time to buy decreased to 81% from 83%, share saying it is a good time to sell increased to 65% from 60%

Fannie Mae survey anticipates national home price growth of 3.8% in 2024 and 3.4% in 2025, a median 30-year fixed mortgage rate of 6% is projected by 2024; panelists cite housing supply constraints and lower mortgage rates as factors

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