Home prices jump again in March amid low supply, competitive market

Home prices rose for the second straight month in March as buyers confronted steep competition and limited inventory.

Prices increased 0.7% nationally in the period from February to March, the S&P CoreLogic Case-Shiller index showed Tuesday. On an annual basis, prices are down just 3.6% from their peak in June 2022, according to the index.

"The modest increases in home prices we saw a month ago accelerated in March 2023," said Craig Lazzara, managing director at S&P DJI, in a release. "Two months of increasing prices do not a definitive...