Case-Shiller Index: Home Prices Increase Amidst Limited Listings

Home prices rose 0.5% in March due to constrained supply as sellers held out on listing their homes. The Southeast saw the strongest growth, while the West Coast continued to see weak growth. Year-over-year appreciation was down 1.1%. The housing market is being squeezed by a lack of supply, but rising mortgage rates may soon dampen demand as well. The National Association of Realtors is proposing changes to existing tax policy to boost supply.