US home prices break records despite recession indicators – report ...News

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A national housing price index hit a new all-time high even as interest rates and inflation continue to soar Home prices in the US hit record highs in July despite a foreboding economic climate and steep interest rates, according to the S&P CoreLogic Case-Schiller house price index, parent company S&P Dow Jones Indices reported on Tuesday.    The group’s National Home Price NSA Index crept up 1% year-on-year in July, while its 10-City Composite, which tracks major metropolitan areas, was up 0.9%. The 20-City Composite increased by 0.1%, with 19 of the cities reporting gains and 18 showing those increases accelerat

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