Home Prices Rose At Fastest Pace In More Than A Year
Published 2024-03-29
Recent data reveals a significant uptick in the U.S. housing market, with home prices growing at their fastest rate in over a year. The Case-Shiller U.S. National Home Price Index reported a 6.0% increase in January on a year-over-year basis, marking an acceleration from December's 5.6%. This growth trend has been on a steady rise since May 2023.
Understanding these dynamics is crucial for both realtors looking to guide their clients effectively and home buyers navigating the market.
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