Home prices across the United States rose for the second consecutive month in March amid widespread shortages and inventory issues, according to data published on May 29.
Home prices increased by 0.4 percent nationwide month over month, data from the S&P CoreLogic Case-Shiller US National Home Price index showed.
That marked the second month in a row of gains after seven consecutive months of price declines. In February, home prices saw a 0.2 percent month-over-month increase.
Nationwide, home prices in March were 0.7 percent higher year over year, although still lower than the 2.1 percent annual gain seen in February.
The index is now just 3.6 percent below its June 2022 peak, according to S&P….