US Home Prices Fall From Year Ago in First Since 2012, Redfin Says
- A lack of homes for sale could limit the fall in prices
- Mortgage rates have surged in the past year, squeezing buyers
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US home prices hit a turning point last month, dropping from a year ago for the first time since 2012, according to Redfin Corp.
In the four weeks through Feb. 26, the median price for a typical home was $350,246, down 0.6% from the same period a year earlier, the brokerage said Thursday.