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 Copper Prices Hit Record Highs Indicating Economic Resurgence READ MORE Many Top Executives Withhold Financial Support in Trump vs. Biden Rematch READ MORE Survey Shows Financial Advisors Favor Increasing Gold Allocations as Prices Rise READ MORE In Gold We Trust, Own Silver We Must READ MORE Fed's Goolsbee Signals Readiness for Rate Cuts as Inflation Eases READ MORE Add a Comment Cancel replyYour email address will not be published.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