According to an analysis of the latest Case-Shiller data, U.S. home prices have risen more than 47% since the start of 2020. Through the first 50 months of the 2020s decade, U.S. home prices have risen by 47.1%. This already surpasses the total national appreciation witnessed throughout both the 1990s and 2010s decades.
Source: Case-Shiller/ResiClub
U.S. HOME PRICE GROWTH BY DECADE:
1990s: +30.1%
2000s: +47.3%
2010s: +44.7%
January 2020 to February 2024: +47.1%
We’ve seen a greater level of overall price inflation compared to the same point in the previous three decades.
Mortgage Rates
Decrease for the
First Time Since March
After a five week climb, mortgage rates ticked down following a weaker than expected jobs report. An environment where rates continue to hover above seven percent impacts both sellers and buyers. Many potential sellers remain hesitant to list their home and part with lower mortgage rates from years prior, adversely impacting supply and keeping house prices elevated. These elevated house prices add to the overall affordability challenges that potential buyers face in this high-rate environment.
