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

Posted on AllSides May 31st, 2023
From The Right
David Paul Morris/Bloomberg via Getty Images

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...

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