/Home Prices Keep Surging

Home Prices Keep Surging

U.S. home prices soared by the most on record in April as the COVID-19 pandemic accelerated the flight out of city centers and into the suburbs.

Home prices rose 14.6% year over year nationally in April, according to the national Case-Shiller index, making for the highest reading in more than 30 years of recordkeeping.

Prices are now 34.9% above their 2006 peak.

“April’s performance was truly extraordinary,” said Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices.

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