Home prices ticked up 0.2% MoM in March, the slowest pace since December 2022.

• On a year-over-year basis, home prices rose 4.6%, down from 5.1% growth the month before. It was the 11th consecutive month that annual growth had slowed.
• Twenty of the 50 most populous U.S. metros recorded a drop in home prices month over month, led by Columbus, OH (-0.7%).
• Redfin: “Homes are taking longer to sell and prices are falling in some areas because fear of a broader economic slowdown is pushing many would-be buyers to the sidelines… New tariffs are adding to the economic uncertainty and prices may slow even further in coming months. With housing costs at near-record highs, that’s a silver lining for a buyer who has to move right now, as there will be more room for negotiation.”