Home prices rose in May to a new high, with low inventory continuing to spur bidding wars among home buyers in some markets.
Tag: home prices
Home-Price Growth Decelerated in June
Home price increases slowed in June as mortgage rates rose, making homeownership less affordable. The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the country, rose 18% in the year to June, down from 19.9% the previous month. The housing market has cooled in recent months,… Continue reading Home-Price Growth Decelerated in June
As Mortgage Rates Rise, Home Prices Hit a New High in March
In March, home prices in the United States reached a new high of $375,300, as mortgage interest rates rose and a lack of available homes stymied buyers. Prices rose despite a drop in previously owned home sales in March. The National Association of Realtors reported Wednesday that existing-home sales fell 2.7 percent in March from… Continue reading As Mortgage Rates Rise, Home Prices Hit a New High in March