Reported 4 months ago
The S&P CoreLogic Case-Shiller Index reached a new record high in March, indicating an increase in home prices across major US metropolitan areas. Brian Luke from S&P Dow Jones Indices notes a surprising regional trend in the Northeast, with cities like New York, Boston, and Washington, D.C. driving up home values. This shift contrasts with the previous success of Sun Belt states like Tampa, Phoenix, and Dallas, suggesting a return to office environments and a migration back to traditional city centers influencing housing market dynamics.
Source: YAHOO