Home price growth is back at pre-pandemic levels. Here’s what that means for buyers and sellers

The rate at which home prices grow is slowing down.U.S. home prices increased 0.6% from a month before in February, in line with the 0.6% average monthly gain in the roughly eight years leading up to the Covid-19 pandemic, according to a new Redfin analysis.Before the pandemic, it was normal for prices to grow about half a percent every month, or to increase around 5% or 6% annually, said Daryl Fairweather, the chief economist at Redfin.“We’re back to that trend, despite these higher mortgage rates,” she said.“Home prices are appreciating at the same pace as before,” he…