First American: America's home buying power strengthens in February

In February, home prices declined 0.4%, but rose 2.9% year over year, according to First American’s Real House Price Index. According to First American’s data, unadjusted house prices now sit 2.3% above the housing boom peak. However, consumer buying power has increased 1% between January and February, rising 2.4% from the previous year.

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