Home prices are continuing to increase.
In April, national home prices increased 6.3% compared with a year earlier and 1.2% from March, according to the S&P CoreLogic Case-Shiller index released Tuesday.
San Diego saw the largest annual gain of 10.3% in April, followed by New York (+9.4%) and Chicago (+8.7%).
Of the largest 20 cities in the country, Portland, Ore., saw the smallest annual increase of 1.7%.
“2024 is closely tracking the strong start observed last year, where March and April posted the largest rise seen prior to a slowdown in the summer and fall,” D&P Dow Jones Index Head of Commodities Real and Digital Assets Brian D. Luke said in a statement. “Heading into summer, the market is at an all-time high, once again testing its resilience against the historically more active time of the year.”