Home Price Increases At Most Modest Pace In Years

Home prices continue to increase, according to the latest data from the S&P Case-Shiller Home Price Index. The index – considered among the leading measures of U.S. home prices – found prices climbing again to start the spring season. But while prices continue to increase, the pace has slowed. In fact, Nicholas Godec, head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices, says gains have decelerated to their slowest pace in years. “The housing market continued its gradual deceleration in April, with annual price gains slowing to their most modest pace in nearly two years,” Godec said. “The National Composite Index posted a 2.7 percent annual gain in April, marking its slowest year-over-year appreciation since mid-2023.” But while prices are slowing, the index found regional disparities. For example, home prices in New York continue to post strong gains, up almost 8 percent year-over-year. On the other end of the spectrum, Tampa actually saw home prices decline 2.2 percent while San Francisco and Dallas were flat from last year.