Home prices keep gaining but not as fast as they had been. (iStock)
Home prices increased again in April, hitting a new high that will likely keep homebuyers sidelined even as mortgage rates begin to soften, according to the latest S&P CoreLogic Case-Shiller national home price index report.
Home prices rose 6.3% annually in April, a slight slowdown from the 6.5% annual increase in March. The 10- and 20-city indexes rose by 8% and 7.2% annually, respectively, each 0.3 percentage points slower than the prior month’s annual pace. While prices continue to show resilience, they also show signs of cooling.
“At 6.3% annual gains, the index has decelerated from the start of the year, with only two markets rising on an annual basis,” said Brian Luke, S&P Dow Jones Indices head of commodities, real & digital assets.
Across the nation, home prices increased 0.3% month-over-month, the same…
