In April, U-S- home prices continued to rise at a pace unheard of in more than 30 years of Standard & Poor’s / Case-Shiller Index activity, given strong demand and limited supply in the market- –

According to the index, the figure for the twenty largest cities rose by 14-9% compared to a year earlier (the largest increase since 2005), after + 13-3% in the previous month; analysts’ expectations were + 14-3%- The nationwide component rose by 14-6% on an annual basis (record since 1988), after + 13-2% in March, the highest figure ever recorded; that relating to the ten main metropolitan areas grew by 14-4%, after + 12-9% in March-

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Compared to the previous month, the figure was up by 2-1% for the twenty cities and for the whole nation and by 1-9% for the ten cities- Phoenix, for the twenty-third consecutive month, is the city with the highest annual increase, always followed by San Diego and Seattle: for them, record increases, exceeding 20%-

“The performance in April was truly extraordinary,” commented Craig Lazzara, managing director and global head of index investment strategy at S&P DJI- The strength of the US housing market is driven in part by the reaction to the Covid pandemic as potential buyers move from urban apartments to suburban homes- The April data continue to be consistent with this hypothesis »-

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