Case-Shiller: Home Prices Way Up in March Due to Scarcity

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"Typically a local policy issue, housing has become an issue in this year’s Presidential election,” said Bright MLS Chief Economist Dr. Lisa Sturtevant. “High home prices and mortgage rates are increasingly pricing out young and moderate-income would-be homeowners.”

Home Industry News

By Michael Catarevas

May 28, 2024

Reading Time: 3 mins read

Case-Shiller: Home Prices Way Up in March Due to Scarcity

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 6.5% annual gain for March, the same increase as the previous month. The 10-City Composite saw an increase of 8.2%, up from an 8.1% increase in the previous month. The 20-City Composite posted a slight year-over-year increase to 7.4%, up from a 7.3% increase in the previous month.