U.S. Home Prices Hit Record Highs This Spring Despite Rising Mortgage Rates
U.S. home prices surged to record highs this spring, despite rising mortgage rates that have kept many potential buyers on the sidelines. According to the S&P CoreLogic Case-Shiller index, home prices rose 6.3% in March compared to a year earlier, marking the fastest annual increase since late 2022. This trend reflects limited inventory, which continues…