U.S. Home Prices Rose 1% in April

House Prices

Sales prices for U.S. homes increased by 1% in April from March and made their first annual gain in a year, according to data from CoreLogic. Prices rose 3.6% from April 2018. Lower interest rates may have contributed to the increase, with buyers feeling more confident in their ability to bid higher. Even as prices increased however, sales slowed, according to the National Association of Realtors. Sales fell to a 5.19 million seasonally adjusted annual pace, down from 5.21 million in March.