Nationally, home prices in March were 0.7% higher than March 2022, S&P CoreLogic Case-Shiller Indices said.
Nationally, home prices in March were 0.7% higher than March 2022, the S&P CoreLogic Case-Shiller Indices said.
A potential buyer walks in to view a home for sale during an open house in Parkland, Florida on May 25, 2021.Steep competition in the housing market and low supply are heating up home prices again. "The modest increases in home prices we saw a month ago accelerated in March 2023," said Craig J. Lazzara, managing director at S&P DJI in a release. "Two months of increasing prices do not a definitive recovery make, but March's results suggest that the decline in home prices that began in June 2022 may have come to an end."
Home prices are rising again month to month, however. After seasonal adjustment, prices increased nationally 0.4% in March compared with February. The 10-city composite gained 0.6% and 20-city composite rose 0.5%.
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