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Home prices surge by most on record
soared by the most on record in April as the COVID-19 pandemic accelerated the flight out of city centers and into the suburbs.Home prices rose 14.6% year over year nationally in April, according to the national Case-Shiller index, making for the highest reading in more than 30 years of recordkeeping.Prices are now 34.9% above their 2006 peak. "April’s performance was truly extraordinary," said Craig Lazzara, managing director and global head of index investment strategy at S&P Dow Jones Indices.The 20-city composite increased 14.9% from a year ago, up from a 12.9% gain the previous month.