Home prices in the U.S. rose for a third straight month, pushed up by growing buyer demand for a tight supply of listings.
A national gauge of prices increased 0.5% in April from March, according to seasonally adjusted data from S&P CoreLogic Case-Shiller.
The U.S. is in what’s traditionally its busiest homebuying season, with only about half the properties that were listed for sale in spring 2019. The inventory shortage is keeping a lid on transactions, but shoppers determined to seal a deal are often forced to pay more than the asking price in many areas of the country.
