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6/28, 3:02 PM (Source: TeleTrader)
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US house prices rise 21.2% in April - S&P/Case-Shiller

House prices in the United States increased 21.2% in April on a yearly basis, S&P CoreLogic Case-Shiller Indices stated in a release on Tuesday. 20-City Composite jumped 21.23% annually or 1.77% month-on-month.

Meanwhile, the 10-City Composite annual increase stood at 19.7% in April compared to the same month in 2021. "April 2022 showed initial (although inconsistent) signs of a deceleration in the growth rate of US home prices. We continue to observe very broad strength in the housing market, as all 20 cities notched double-digit price increases for the 12 months ended in April. April’s price increase ranked in the top quintile of historical experience for every city, and in the top decile for 19 of them," said Managing Director at S&P DJI Craig Lazzara.

Baha Breaking News (BBN) / DJ