Monday, March 4, 2024
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Home Prices to Hit Fresh Highs As Fed Cuts Rates, Mortgages Rates Fall

Home prices could keep climbing, as mortgage rates fall and the Fed slashes rates.
The latest release of the Case-Shiller index data showed a 4.8% annual increase in home prices in October.
Mortgage rates have fallen as markets eye Fed easing, driving a new wave of homebuyer demand.
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Home prices surged in October, and they may have room to run further, according to data from S&P Global’s Dow Jones Indices group.
The S&P CoreLogic Case-Shiller home price index, a leading tracker of US home prices, showed a 4.8% annual increase in October, according to a release on Tuesday. In September, the index showed a 4% annual rise in home prices.
And as the Fed is poised to slash rates, sending mortgage rates tumbling lower, lofty prices are expected to stick around.

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