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Home Prices Flat Amid Rising Costs | Real Estate News
Home prices edged up just 0.8% in April, but inflation’s bite means real home values have been shrinking for 11 straight months—stuck in neutral, not building wealth. While Chicago and New York see gains, Seattle, Denver, and Phoenix are falling, highlighting a stark regional split. Higher interest rates, which crept back up in April, are throttling price growth despite demand. A modest national uptick over the last six months isn’t enough to offset rising mortgage costs or inflation’s erosion of purchasing power—making this a complex, uneven landscape where regional extremes are the new…
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