U.S. Home-Price Growth Accelerated in May, Fueled by April’s Brief Mortgage-Rate Reprieve
Redfin reported that U.S. home prices increased 0.3% month over month in May on a seasonally adjusted basis, marking the fastest growth rate since January. Year-over-year prices rose 2.5%, the fastest pace in six months, as April's mortgage-rate decline pushed closed sales to their highest level since 2022.
Key figures
- Mom price growth
- 0.3%
- Yoy price growth
- 2.5%
- Sales volume trend
- highest level since 2022
AI analysis
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