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Home Prices Soar to Record Highs

Increased value of real estate illustration | Image by MMD Creative/Shutterstock
Increased value of real estate illustration | Image by MMD Creative/Shutterstock

A report by ZeroHedge suggests that home prices have risen notably:

“Home prices in America’s 20 largest cities rose for the 13th straight month in March (according to the latest data from S&P CoreLogic – Case Shiller – data today), up 0.33% (more than the expected 0.3%) with the 0.61% MoM gain In February revised down to +0.55% MoM.

“This pushed the price up 7.38% YoY – the fastest rise since October 2022…

“We’ve witnessed records repeatedly break in both stock and housing markets over the past year. Our National Index has reached new highs in six of the last 12 months.” says Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P Dow Jones Indices.

“Overall, US home prices reached a new record high in March (as median new home prices began to fall)…”

To read the full ZeroHedge article, click HERE.

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