US House Prices Rise in March 2022, Boosted by Florida, According to S&P Corelogic Case-Shiller Survey

(CercleFinance.com) – House prices in the United States continued to rise in March compared to the same month of 2022, thanks in particular to particularly significant increases in Florida, according to the monthly S&P Corelogic Case-Shiller survey published on Tuesday. .

The composite index calculated using data from the country’s 20 largest agglomerations recorded an increase of 0.5% in seasonally adjusted data.

The rise was particularly strong in the southeast of the country with increases of 7.7% in Miami, +4.8% in Tampa and +4.7% in Charlotte, which more than offset declines of 11 .2% in San Francisco or 12.4% in Seattle.

“Two consecutive months of price increases do not correspond to a proven recovery, but the March figures suggest that the decline in house prices that began in June 2022 may be coming to an end,” said Craig J. Lazzara. , Director at S&P DJI.

‘That said, the difficulties posed by the current level of mortgage rates and the confirmed prospect of a slowing economy should continue to weigh on prices in the coming months,’ he warned.