MarketMinute | How high did home prices go in 2022?
Despite recession fears, the economy grew at a pace of 2.9% in the 4th quarter, more than the expected 2.6%. Business activity contracted for the 7th straight month in January. The downturn moderated across both the manufacturing and services sectors. Jobless claims declined again last week, this time to 186K. The drop signals labor market strength despite Fed rate hikes and talk of recession. NAR reports the median home sales price in 2022 was $386,300, up 10.2% from 2021 and the highest on record....READ MORE