Home prices hit record high in June on S&P Case-Shiller Index

by anastasiakaufman-chime-me

Published Tue, Aug 27 202410:25 AM EDTUpdated Tue, Aug 27 20241:55 PM EDT

By: Diana Olic

A recent CreditNews Research study ranked the slowest-selling metro areas in the U.S.

A recent CreditNews Research study ranked the slowest-selling metro areas in the U.S.The Good Brigade | Digitalvision | Getty Images

Even as mortgage interest rates were rising, home prices reached the highest level ever on the S&P CoreLogic Case-Shiller U.S. National Home Price Index.

On a three-month running average ended in June, prices nationally were 5.4% higher than they were in June 2023, according to data released Tuesday. Despite being a record high for the index, the annual gain was smaller than May’s 5.9% reading.LEARN MORE…

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