S&P CoreLogic's report also showed that first-time homebuyers are being impacted most by rising prices, since prices in the lower end of the market are rising more quickly than other tiers
The S&P CoreLogic Case-Shiller Index and FHFA House Price Index showed 'no relief' for homebuyers hoping for falling home prices as mortgage rates remain elevated
One new figure shows home prices rose in April compared to March but fell year over year. Economists, however, are fairly upbeat