American Dream Home: Blue Ridge Mountains
Host Cheryl Casone helps homebuyers David and Beverly find their dream home near the Blue Ridge Mountains in Morganton, Georgia, on ‘American Dream Home.’
The housing market remains strong, despite rising interest rates.
This week, we got the Case-Shiller index from S&P Corelogic.
The report is raising eyebrows, as it shows that home prices rose more than expected in March, jumping to an annual record of 21.2% annually.
This rise was much larger than expected for the 20-city index.
HOME PRICES SOARED IN RECORD MARCH: CASE-SHILLER
Not only was it the largest annual gain on record, it was also higher than the 20.3% year-over-year jump we saw in February.
Refinitiv estimates only expected the March index to rise to 20%.