高房贷利率重压，美国4月房价环比跌幅近两年来最大！

Group 1 - The U.S. real estate market is facing challenges, with a significant slowdown in home price growth in April, closely related to high mortgage rates [1] - The S&P Case-Shiller Home Price Index indicates a year-over-year increase of only 2.7% in home prices, the lowest since summer 2023, down from 3.4% in March [1] - Monthly home prices fell by 0.31% in April, marking the largest single-month decline since December 2022, exceeding market expectations of a slight decrease of 0.02% [1] Group 2 - High mortgage rates are a primary factor contributing to the slowdown in home price growth, making it difficult for potential buyers to afford homes [1] - The National Association of Realtors has reported the weakest performance for the real estate market since 2009, indicating a broader trend of market fatigue [1] - Despite a slight rebound in May, overall performance remains weak, with high mortgage costs continuing to suppress housing demand [1] Group 3 - Nicholas Goldke from S&P Dow Jones indicates that the real estate market is undergoing a profound transformation, with the era of rapid price increases ending [2] - Local factors are increasingly influencing home price trends, with significant disparities observed among major cities [2] - For instance, New York saw a year-over-year price increase of 7.9%, while Tampa and Dallas experienced declines of 2.2% and 0.2%, respectively [2] Group 4 - The fluctuation of mortgage rates is identified as a key factor affecting home price trends, with Federal Reserve monetary policy changes expected to have a lasting impact on the real estate market [2] - Historical data suggests a six-month lag between home price growth and the Federal Reserve's bank reserve levels, indicating potential continued pressure on home prices in the coming months [2] - The current decline in home prices is associated with the Federal Reserve's pause on interest rate cuts, contrasting with past experiences where rate cuts led to accelerated price increases [2]