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Home Prices Moved Up Even Faster in January Despite Higher Rates

Home Prices Moved Up Even Faster in January Despite Higher Rates

There's a friendly debate among economists and housing experts on the implications of 2022's massive spike in mortgage rates .  According to some, higher rates will surely bring a quicker end to what was already an unsustainable trajectory for home prices.  According to others, home prices are almost exclusively concerned with supply and demand, regardless of rates.  As is usually the case, the truth is somewhere in the middle, but first things first: let's take a look at January's home price indices (HPIs) from both S&P Case-Shiller and the FHFA. If that little uptick on the far right side of the chart leaves you wanting for detail, here are the vitals: year-over-year change in January vs last month  Case Shiller, National ...+19.2 vs 18.9 Case Shiller, 20-ci
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