Home Prices Hit Record High

Home prices in the United States have reached an all-time high as the real estate market makes a strong recovery.

According to seasonally adjusted data from S&P CoreLogic Case-Shiller, a national indicator of prices, there was a sixth consecutive monthly increase of 0.6% in July compared to June.

Over the course of this year, the national measure has risen by 5.3%.

These gains for the current year have managed to offset the 5% drop in prices that occurred from the peak in June 2022 to January 2023 when the market was slowing, Bloomberg reported.

READ MORE: https://finance.yahoo.com/news/us-home-prices-increase-sixth-130641882.html

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