Home prices have gone up kind of everywhere.

From Marketplace, I'm Sabri Benes-Shore, in for David Brancaccio.

Home prices rose in every major metro area around the country in December.

That's the first time since 2022.

This is according to new data from Redfin.

The biggest increases were in Cleveland, Milwaukee, and Philadelphia.

Marketplaces Samantha Fields has more.

It's not exactly what most would-be homebuyers want to hear.

Prices just keep going up.

Chris Salviati, a department list, says with mortgage rates stubbornly high and inventory stubbornly low.

Demand starting to ship to some of these Midwest markets, you know, those are some of the last bastions of housing affordability in the U.S.

A few years ago, prices were shooting up the most in Sunbelt cities in Texas and Florida that at the time were still relatively affordable.

Darrell Fairweather at Redfin says today,

people still are moving to Florida, but it's more expensive now than it used to be, which limits how much prices can grow. But in the Midwest, home prices are still low relative to the rest

of the country. Take Cleveland. The median sale price is $229,000, which makes it more possible for prices to rise 15

because they're rising from such a low level. But it's not just the Midwest. Prices are rising everywhere.

Chris Salviati says a lot of people have been holding off buying for a while, hoping mortgage

rates would come down. And now that we haven't seen those rates really move in a significant way,

you might be seeing some folks just getting acclimated to what the new rates are.

And deciding, I might as well just go for it. I don't want to wait forever.

I'm Samantha Fields for Marketplace.

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