Loading...
Market
Will the Fed increase interest rates by June 2024 in response to rising home prices?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Federal Reserve announcements and official interest rate data
Story
U.S. Home Prices Rise 6.4% in February, Exceed Expectations Despite Higher Rates
Apr 30, 2024, 01:04 PM
In February, U.S. home prices continued to rise, with the Case-Shiller Home Price Index reporting a 6.4% increase year-over-year. This growth in home prices occurred despite higher mortgage rates, reaching new highs and maintaining affordability near record lows. The index also showed a 0.6% rise from January 2024 to February 2024, which was 1.3% above the peak of 2022. Additionally, the February readings exceeded expectations, with a 7.29% annual increase and a 0.61% monthly rise on a seasonally adjusted basis, surpassing the forecasted 6.70% yearly and 0.10% monthly gains.
View original story
Similar markets
Increase • 50%
No Increase • 50%
Increase Fed Funds Rate • 33%
Decrease Fed Funds Rate • 33%
No Change in Fed Funds Rate • 33%
Increase rates • 33%
Decrease rates • 33%
Maintain current rates • 34%
Increase in interest rates • 25%
Decrease in interest rates • 25%
No change in interest rates • 25%
Introduction of new monetary policy • 25%
Increase Interest Rates • 33%
Decrease Interest Rates • 33%
Maintain Current Rates • 34%
