Reported 11 months ago
The S&P CoreLogic Case-Shiller National Home Price Index released on June 25, 2024, shows a 1.2% monthly increase in US housing prices in April, with a year-on-year growth of 6.3%, lower than March's 6.5%, indicating a new high in housing prices but with a slower growth rate. Factors such as high mortgage rates affecting demand and limited housing inventory supporting prices are noted. The market is adjusting to the impact of inflation and the possibility of sustained high mortgage rates, leading to a slight slowdown in housing price growth in April.
Source: YAHOO