The latest Case-Schiller index reveals a 0.3% drop in national home prices from February to March 2025, the first decline since January of that year. Driven by high real estate anxieties, soaring mortgage rates, and a wobbly job market, home sales hit a decade-low. While this dip is rare, representing only 18% of months since 1987, the index remains up 3.4% year-over-year and 59% since March 2019. The index's slower-moving nature indicates underlying market strength despite recent fluctuations.
Budget-conscious home seekers may find hope in the latest Case-Schiller national price index, which declined 0.3% between February and March—the first monthly dip since January 2023.
Despite the Case-Schiller index showing a slight dip, the broader trend remains upward, with a 3.4% increase over the past year, indicating persistent housing price pressures.
The 0.3% decline in home prices reflects high real estate anxieties in early 2025, linked to non-traditional economic policies and elevated mortgage rates.
Historically, price declines in the Case-Shiller index are rare, occurring in only 82 out of 458 months, or 18%, emphasizing the significance of this dip.
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