IE Business Daily Business news for the Inland Empire.
U.S. home prices fell 0.24 percent in April, a modest decline but the first year-over-year drop in 13 years.
That trend was offset somewhat by a 1.3 percent increase between March and April, suggesting that home prices in some markets are rising, according to the US CoreLogic S&P Case-Shiller Index, which was released June 27.
That drop was to be expected since home prices have been falling for the past 12 months.
The index also found that prices of high-end homes are showing signs of a comeback, and some markets that took a hit during the pandemic are showing strong price gains across the board.
Home prices nationally are rising an average of 4 percent in 2023 compared with last year, according to the index.
