Home prices surged over 20% in March as interest rates also rose, according to S&P Case-Shiller

KEY POINTS

Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Price Index.

The Case-Shiller’s 10-city composite rose 19.5% annually in March, up from 18.7% in February. The 20-city composite saw a 21.2% year-over-year gain, up from 20.3% in the previous month.

The average rate on the 30-year fixed mortgage stood at 3.29% at the start of January and ended March at 4.67%, according to Mortgage News Daily.

CNBC Article: https://www.cnbc.com/2022/05/31/home-prices-surged-in-march-as-interest-rates-also-rose-sp-case-shiller.html

REbubble Thread: https://www.reddit.com/r/REBubble/comments/v1qgs8/home_prices_rose_20_again_in_march/?utm_medium=android_app&utm_source=share

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KEY POINTS Nationally, home prices were 20.6% higher than they were in March 2021, according to the S&P CoreLogic Case-Shiller Home Price Index. The Case-Shiller’s 10-city composite rose 19.5% annually in March, up from 18.7% in February. The 20-city composite saw a 21.2% year-over-year gain, up from 20.3% in the previous month. The average rate on the 30-year fixed mortgage stood at 3.29% at the start of January and ended March at 4.67%, according to Mortgage News Daily. CNBC Article: https://www.cnbc.com/2022/05/31/home-prices-surged-in-march-as-interest-rates-also-rose-sp-case-shiller.html REbubble Thread: https://www.reddit.com/r/REBubble/comments/v1qgs8/home_prices_rose_20_again_in_march/?utm_medium=android_app&utm_source=share submitted by /u/Louisvanderwright [link] [comments]

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