The Case-Shiller 10-City Price Index increased by 3.4% year-over-year, and held steady from the March figures. This atypical increase occurred during the national economic lockdown.

On a month-to-month basis the S&P Case-Shiller Home Index jumped by 4.6% compared with April 2019.

The 20-City Composite Index climbed 4% year-over-year, and increased by 3.9% from the prior month.

Again the Case Shiller S&P Report credits the historic low mortgage rates as the driver behind this buying thrust. And also, buyers are especially motivated with the low interest rates, which is giving them more buying power, even as home prices increase moderately.

If you have any questions about this information or title insurance, please contact Ralph Aponte: 732.914.1400.

Counsellors Title Agency, www.counsellorstitle.net, founded in 1996, is one of New Jersey’s most respected title agencies, serving all 21 New Jersey counties with title insurance, clearing title, escrow, tidelands searches, and closing and settlement services for commercial or industrial properties, waterfront properties and marinas, condominiums, townhouses or residential single family homes. Counsellors Title also features its own Attorney Settlement Assistance Program™ [ASAP], which is an individual resource customized to fit the needs specifically of real estate attorneys, including, Documentation, Preparation, Disbursement of Funds, Attendance at Closing, HUD Preparation or Post-Closing Matters.

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