It’s the second month in a row that prices have increased, after an increase in February that snapped a seven-month streak of month-over-month declines. After seasonal adjustment, the national index posted a month-over-month increase of 0.4%. Both the 10-City and 20-City composites posted increases, too. Before seasonal adjustment, the National Index posted a 1.3% month-over-month increase.
“The modest increases in home prices we saw a month ago accelerated in March 2023,” said Craig Lazzara, managing director at S&P DJI. Prices are rising on a year-over-year basis, although the amount of that price growth has been getting smaller for the past several months. Home prices went up 0.7% in March from the year before, down from 2.1% in the previous month. This is a developing story and will be updated.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
State Farm stops home insurance sales in California, citing wildfire risks | CNN BusinessState Farm is stopping new home insurance sales in California, citing wildfire risks and skyrocketing construction costs, the company announced Friday.
Source: CNN - 🏆 4. / 95 Read more »
Microsoft executive calls for faster AI regulation | CNN BusinessThe government needs to work faster to regulate AI, which has more potential for the good of humanity than any other invention preceding it, Brad Smith, Microsoft president and vice chair, said on CBS’ “Face the Nation” Sunday.
Source: CNN - 🏆 4. / 95 Read more »
Turkish lira hits new record low after Erdogan election victory | CNN BusinessTurkey’s lira hit fresh record lows against the US dollar on Monday after President Recep Tayyip Erdogan secured victory in Sunday’s presidential election, extending his increasingly authoritarian rule into a third decade.
Source: cnni - 🏆 326. / 59 Read more »
Here's what's open and closed on Memorial Day 2023 | CNN BusinessThe last Monday of May honors and mourns members of the US armed forces who died serving the country. Here’s what’s open and closed on Memorial Day 2023.
Source: CNN - 🏆 4. / 95 Read more »
31 billionaires are worth more than the US Treasury has in cash | CNN BusinessCash levels at the US Treasury are tumbling toward a dangerously low level as Washington waits until the last minute to raise the debt ceiling.
Source: cnni - 🏆 326. / 59 Read more »