U.S. home prices rose in April at fastest pace in 15 years – S&P/Case-Shiller
June 29, 2021 | Evan Sully | Reuters
June 29 (Reuters) – U.S. single-family home prices in 20 key urban markets rose in April from a year earlier by the most in over 15 years as the shortage of homes available to buy drives up prices at the fastest rate seen since before the financial crisis, a closely watched survey said on Tuesday.
The S&P/Case Shiller composite index of 20 metropolitan areas gained 14.9% through the 12 months ended in April, the largest annual price increase since December 2005. A Reuters poll of economists had forecast a 14.5% increase.
On a month-to-month basis, the 20-city composite index rose 1.6% from March. Economists polled by Reuters had been expecting a 1.7% increase.
