Home prices not only continued their climb upward in April, they saw record appreciation, according to the latest data from the Case-Shiller Index (CSI)
- The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 14.6% annual gain in April, up from 13.3% in the previous month.
- The 10-City Composite annual increase came in at 14.4%, up from 12.9% in the previous month.
- The 20-City Composite posted a 14.9% year-over-year gain, up from 13.4% in the previous month.
TRULY EXTRAORDINARY: Craig Lazzara, managing director and global head of index investment strategy at S&P DJI said in a statement, “April’s performance was truly extraordinary. The 14.6% gain in the National Composite is literally the highest reading in more than 30 years of S&P CoreLogic Case-Shiller data,” (CNBC)
Three states reported the highest year-over-year gains among the 20 cities in April…
- Phoenix led the way with a 22.3% year-over-year price increase, followed by San Diego (+21.6%) and Seattle (+20.2%).
Case-Shiller was not alone in compiling record-setting data on housing in April. FHFA’s Home Price Index saw new records for both monthly and annualized data… (FHFA)
- Home prices jumped up 1.8% in just one month in April 2021.
- Home prices were up a whopping 15.7% when compared to the same time last year.
Dr. Lynn Fisher, FHFA’s Deputy Director of the Division of Research and Statistics, said Home prices recorded another monthly and annual record in April. “This unprecedented price growth persists due to strong demand, bolstered by still-low mortgage rates, and too few homes for sale.”