Key Takeaways:
Home prices are a rise lately as the S&P CoreLogic Case-Shiller US National Home Price index rose by 0.4% MoM and 0.7% YoY in March
Residential real estate markets nationwide saw a brief decline in home activity during the onset of the pandemic but soon rose due to a demand-and-supply imbalance
Improved macro environment would continue to boost home demands, yet the sluggish growth of the housing supply may hinder the market’s growth
The overall housing market is likely to remain tight until either home prices or mortgage rates decline sufficiently to put buyers, builders, and sellers into a more ideal equilibrium
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