Home prices are hitting new highs again, as high rates put the squeeze on supply

by anastasiakaufman-chime-me

PUBLISHED MON, JUL 10 20231:09 PM EDT

By: Diana Olick

A for sale sign is posted in front of a home for sale on February 20, 2023 in San Francisco, California.Justin Sullivan | Getty Images

Home prices hit a record high in May, rising 0.7% nationally compared with April at a seasonally adjusted rate, according to the Black Knight Home Price Index.

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