February 2022 Real Estate News
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This month’s February 2022 Real Estate News reports on home prices rising faster than inflation, tips on capital gains tax for home updates and five tips to make buyers want to move right away. Also, discover recipes for an Aromatic Open House and the best houseplants to purify indoor air, according to NASA. All of this and more in the February 2022 Real Estate News.
Home Prices Expected to Rise Faster Than Inflation
Three sales regions in the country reported monthly gains in home sales, while sales remained steady in the fourth region. Yet when comparing year-over-year sales, only one region saw an increase in home sales, while the other three recorded sales decreases. There was more unity across the country when comparing existing-home prices, however, as every region saw price gains.
Median home prices were up 13.9% in November from a year earlier, reaching $310,800. This marked the 117th month in a row of year-over-year price increases—a new record. Yet this record might come to an end in 2022.
February 2022 Real Estate News
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