The S&P CoreLogic Case-Shiller National Home Price Index rose by 3.4% on an annual basis, and the Federal Housing Finance Agency's Home Price Index rose 4%, data released Tuesday shows
The surge in sales was a welcome positive sign during a tenuous period for the US economy. However, high prices and high mortgage rates continue to curb homebuyers, new HUD data shows
Home prices continued to break records in July, according to reports released by S&P Dow Jones and FHFA on Tuesday. Some economists said lower rates may fuel demand, pushing prices higher
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
Sales of newly built, single-family homes rose 8.8% in March, a reflection of the beginning of a busy homebuyer season. New-home sales rose 8.3% year over year, according to the US Census Bureau