Home-price growth slowed slightly in April as competition for homes remained fierce despite rising mortgage-interest rates.

The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 20.4% in the year that ended in April, down from a 20.6% annual rate the prior month.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Body found in QVC facility after five-alarm fire

A body was found at a QVC distribution center in North Carolina…

Tesla car battery ‘spontaneously’ catches fire, requiring 6,000 gallons of water to put it out

A Tesla car battery “spontaneously” burst into flames on a California freeway…

National Association of Realtors Agrees to Slash Commissions to Settle Lawsuits

American homeowners could see a significant drop in the cost of selling…

Man on scooter shoots people seemingly at random in New York, kills one, injures 3

A man used a motorized scooter to get from victim to victim…