"Case-Shiller Index: Home price gains hit another all-time high"
Posted by Grossman & Jones Group on
Bankrate.com writes, "Amid an environment of tight inventory and stubbornly high mortgage rates, housing prices in the U.S. continue to rise ever higher. S&P CoreLogic’s latest Case-Shiller U.S. National Home Price NSA Index, released July 30, 2024, reports that annual home-price growth increased in May 2024 by 5.9 percent. That marks three consecutive months of hitting a new all-time high.
Case-Shiller Index still rising
In addition to the 5.9 percent overall increase, May numbers increased annually for both of Case-Shiller’s composite indices as well, with the 10-city index up 7.7 percent and the 20-city index up 6.8 percent.
“Our home price index has appreciated 4.1 percent year-to-date, the fastest start in two years,” said Brian D.…
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