I might sound like a broken record, but home prices hit another all-time high in April, according to the S&P CoreLogic Case-Shiller index results released yesterday. National home prices rose 6.3% from a year earlier, and 1.2% from the month before. But that price inflation is moving at a slower pace.
“Last month’s all-time high came with all 20 markets accelerating price gains,” Brian D. Luke, head of commodities, real and digital assets at S&P Dow Jones Indices, said in the release, referring to March. “This month, just over half of our markets are seeing prices accelerate on a monthly basis. At 6.3% annual gains, the index has decelerated from the start of the year, with only two markets rising on an annual basis.”
