With home sales slumping across the nation (while mean home prices are surging relative to median, signaling higher-end homes dominating the sales), this morning’s Case-Shiller (newly minted S&P Global) home price index data exploded higher.
Both the Case-Shiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA) HPI for March were released today. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).
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