US Home Prices Cool Amid Rising Supply, Higher Rates
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US home prices are cooling, rising just 2.7% annually in April, according to the S&P CoreLogic Case-Shiller Index, the smallest gain in nearly two years. Higher mortgage rates and increased supply are contributing factors. While prices are weakening, particularly in previously hot markets like Tampa and Dallas, they remain supported by constrained supply and low seller risk. Regional shifts are evident, with the Midwest and Northeast outpacing pandemic-era hotspots.
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