Case-Shiller National Index up 20.4% Year-over-year in April

FHFA: "Increasing mortgage rates have yet to offset demand enough to deter the strong price gains"

Both the Case-Shiller House Price Index (HPI) and the Federal Housing Finance Agency (FHFA) HPI for April were released today. Here is a graph of the month-over-month (MoM) change in the Case-Shiller National Index Seasonally Adjusted (SA).

The Case-Shiller Home Price Indices for “April” is a 3-month average of February, March and April closing prices. …