Anju Vajja

Home Prices Hit Record Highs Yet Again

Posted on by TMN Editor
Home prices soared to new highs in April, once again breaking the month prior’s record, despite cool-downs across the market. Prices were up 6.3% YOY in April, down from March but still elevated, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index.  With this increase, prices hit their seventh record high of the last year. Month-over-month, national prices rose 0.3% after seasonal adjustment, the same as March, while the 20-City Composite and the 10-City Composite registered gains of 0.4% and 0.5%, respectively. “For the second consecutive month, we’ve seen our National Index jump at least 1% over its previous all-time high. 2024 is closely tracking the strong start observed last year, where March and April posted the largest…

Home Prices Hit Sixth All-Time High

Posted on by TMN Editor
Home prices hit yet another all-time high as tight inventory keeps competition elevated. Prices were up 6.5% YOY in March, on par with the month prior and the sixth record high reached in the last year, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index.  Month-over-month, national prices rose 0.3% after seasonal adjustment, while the 20-City Composite and the 10-City Composite registered gains of 0.3% and 0.5%, respectively. Monthly prices were cooling at the end of 2023 into 2024, but increased demand and still-tight inventory have turned that trend around. Despite high interest rates, the lack of homes on the market has kept competition booming for well-priced listings. “Regionally, the Northeast remains the top performer with an 8.3%…