Open Demo Account
Home / Market Update / U.S. Home Prices Continue to Surge with Tight Supply

U.S. Home Prices Continue to Surge with Tight Supply

M. Ali 1 September, 2021 11:25 pm Market Update

Home prices in the United States increased in June by 18.6% on an annual basis, as shown by the latest reading of the S&P CoreLogic Case-Shiller Home Price Index.

The index registered a third consecutive record increase.

The gauge of home prices in 20 cities and major metropolitan areas

Home prices in the U.S. continue to rise amid a tight supply.

This has prompted the Federal Reserve to reconsider buying mortgage-backed securities, with fears of overheating. A decision is expected in the policy meeting later this month.

Tags

Check Also

Walmart’s Strong Earnings and High-End Customer Base

Walmart recently revealed first-quarter fiscal earnings that were higher than anticipated. During the quarter, Walmart …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends