Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries US home prices smashed another record high in April By: FOX Business June 25, 2024 at 09:26 AM EDT U.S. home prices continued to soar higher APril, according to data published Tuesday, as would-be homebuyers compete for a scarce number of homes for sale. Home prices reached a new record in April amid an ongoing housing shortage, even as high mortgage rates pushed affordability out of reach for more Americans.Prices increased 6.3% nationally in April when compared with the previous year, the S&P CoreLogic Case-Shiller index showed on Tuesday, down from the 8.3% pace recorded the previous month.On a monthly basis, prices climbed 0.3%, according to the index."For the second consecutive month, we've seen our national index jump at least 1% over its previous all-time high," said Brian Luke, head of commodities, real and digital assets at S&P DJI, in a release. "Heading into summer, the market is at an all-time high, once again testing its resilience against the historically more active time of the year."MORTGAGE CALCULATOR: SEE HOW MUCH HIGHER RATES COULD COST YOUThis is a developing story. Please check back for updates. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
US home prices smashed another record high in April By: FOX Business June 25, 2024 at 09:26 AM EDT U.S. home prices continued to soar higher APril, according to data published Tuesday, as would-be homebuyers compete for a scarce number of homes for sale. Home prices reached a new record in April amid an ongoing housing shortage, even as high mortgage rates pushed affordability out of reach for more Americans.Prices increased 6.3% nationally in April when compared with the previous year, the S&P CoreLogic Case-Shiller index showed on Tuesday, down from the 8.3% pace recorded the previous month.On a monthly basis, prices climbed 0.3%, according to the index."For the second consecutive month, we've seen our national index jump at least 1% over its previous all-time high," said Brian Luke, head of commodities, real and digital assets at S&P DJI, in a release. "Heading into summer, the market is at an all-time high, once again testing its resilience against the historically more active time of the year."MORTGAGE CALCULATOR: SEE HOW MUCH HIGHER RATES COULD COST YOUThis is a developing story. Please check back for updates.