US home prices rose strongly in March

The data showed that the S&P CoreLogic Case-Shiller national house price index covering all nine US census divisions rose 0.4% in March versus 0.3% in February, and the 30-year average mortgage rate rose in recent weeks to the high end of its range of 6.09%. -6.73% this year. On a yearly basis, national home prices rose 0.7% non-seasonally adjusted in March after rising 2.1% in February, and the inventory of existing homes remains 44% below pre-pandemic levels.

A separate report from the Federal Housing Finance Agency showed that US house prices rose 0.6% in March after rising 0.7% in February and on an annual basis prices rose 3.6% in March versus 4.2% in February.