Home Prices Rise in March and April
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According to a report that came out at the end of May, home prices rose in March, especially in the western US, for an average of 4.1% year-over gains. 20 cities in particular experienced growth. This data comes from a survey of the S&P/Case-Shiller Home Price Index. San Francisco and Denver reporter 10% and higher year over gains from 2014.
A report by the United States Census Bureau that came out around the same time said that single-family home sales rose 6.8% in April.
Home prices have gained for 35 month in a row. Reports such as these are beginning to remind people of the housing bubble from 2007.Home rates are currently rising faster than wages and per capita income. Reuters reports isn’t a bad thing, however, and probably a rebound…
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