Reported 3 months ago
In May, US home prices reached a record high with the S&P CoreLogic Case-Shiller National Home Price Index showing a 5.9% increase year-over-year, though this marked a decline from the previous month's 6.4% growth. The limited housing supply continues to elevate prices, and despite a slowing annual gain, some experts remain optimistic about the market's performance as 2023 progresses. However, affordability issues persist, with sales of existing homes declining for the fourth consecutive month, signaling challenges for potential buyers.
Source: YAHOO