Home prices rose in January, before the Iran War pushed mortgage rates higher

Home prices rose slightly to start the year, but the latest reading was taken before fallout from the Iran War began pushing mortgage rates higher. The S&P Cotality Case-Shiller 20-City Home Price Index, which measures prices in the nation's largest metro areas, rose 1.18% in January from a year earlier, and 0.16% from December. The meager gains reflect the housing market's low supply and low demand dynamics. First-time homebuyers continue to struggle with affordability, while many would-be sellers put ...