S&P Case-Shiller Suggests End of Home Price Declines

The S&P CoreLogic Case-Shiller Indices have reported that home prices in March of this year were 0.7% higher than the same month last year, indicating that a decline in home prices may be over. This is good news for homeowners and potential buyers alike, as it suggests the housing market has stabilized after several years of volatility.

The report also showed that all 20 cities tracked by the indices experienced an increase in average home prices from February to March 2021; however, some cities saw larger increases than others. For example, Seattle had a 4% increase while Phoenix only saw a 1% rise during this period.

Overall though, these figures are encouraging and suggest there could be more positive trends on the horizon for those looking to buy or sell homes across America’s major metropolitan areas. With interest rates still low and inventory levels increasing slightly since last spring’s pandemic lows – now might be an ideal time for people who have been waiting on the sidelines to enter into real estate transactions with confidence they will get their desired outcome at closing time.