Housing Prices: Slowing to Sustainable Growth
The National Association of Homebuilders reports that The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released their respective home price indices for April.
House prices have been recovering since reaching the bottom of the downturn in 2012. Both the new and existing single-family homes’ median sale prices are presented along with the home price index. All three indicators tell a similar story of rapid acceleration during the housing boom, sharp declines during the bust and steady recovery since 2012.
Read the full release here.