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 Gold Reaches New All-Time High READ MORE Dollar Rises as Geopolitical Tensions Mount; Oil Prices Climb Amid Middle East Concerns READ MORE Poll Reveals Disconnect Between Americans' Economic Perception and Reality READ MORE Fed Holds Rates Steady, Hints at Easing Monetary Policy Soon READ MORE BOJ's Mixed Signals Leave Traders Puzzled READ MORE Add a Comment Cancel replyYour email address will not be published.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