The Capital Note — About Home Prices

Erwin Oropesa

( Bet_Noire/Getty Images)

Welcome to the Capital Note, a newsletter about business, finance, and economics. On the menu today: home prices, Starlink, Arizona’s flatter taxes, and antitrust. To sign up for the Capital Note, follow this link.

News and Views

Raising (the cost of) the Roof
Well . . .

CNBC:

Home prices in April saw an annual gain of 14.6% in April, up from a 13.3% increase in March, according to the S&P CoreLogic Case-Shiller National Home Price Index.

Among larger cities covered by the index, the 10-city composite was up 14.4% year over year, from 12.9% the previous month. The 20-city composite was 14.9% higher, up from 13.4% in March.

Phoenix, San Diego and Seattle reported the highest year-over-year gains. All were up more than 20% from the year before.

“April’s performance was truly extraordinary. The 14.6% gain in the National Composite is literally the

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