Home Prices Fell in February for First Time in 11 Years

The first year-over-year drop in home prices in more than a decade and a dip in mortgage rates snapped a yearlong streak of declining monthly home sales, showing the effects of the Federal Reserve’s campaign to raise interest rates. Sales of previously owned homes, which make up most of the housing market, rose 14.5% in February from the prior month, but were down 22.6% from a year earlier, the National Association of Realtors said Tuesday. Sales had decreased for 12 consecutive months through January.

tips

fell：击倒；砍伐（fall 落下；坠落）

dip：下降；舀取

mortgage：抵押贷款

snap：突然中断；照片，快照；抢购；突然折断

streak：条纹；运气

decline：衰退，下降

raise interest rates：加息

previously woned homes：二手房

which make up most of the housing market：占住房市场大部分

prior：在先的，较早的；更重要的

realtor：房产经纪人

consecutive：连续的（secut- sequ- su- 跟随）