US Home Prices Climb in May as Supply Remains Tight, Despite High Rates Home prices in the US continued to rise in May 2024, driven by tight housing supply despite high mortgage rates. The S&P CoreLogic Case-Shiller national measure showed a 5.9% annual increase, with New York experiencing the largest gain among 20 cities at 9.4%. While price growth has slowed slightly from April, the market remains competitive due to limited inventory. The ongoing affordability challenges, combined with interest rates near 7%, are impacting buyer activity and slowing home sales. Future price trends will likely depend on potential Federal Reserve rate cuts and seller behavior. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Middle East Tensions Propel Gold and Silver Prices READ MORE G-20 Says World Economy Has Growing Chance of Soft Landing READ MORE The Scene of THE CRIME READ MORE How & Where to Buy Gold Coins [2024 Buying Guide] READ MORE What Could Derail Gold’s Bull Run? One Analyst Says Japan READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment