Home prices rose more than expected in April, with the Case-Shiller 20-city index climbing 1.1% month over month, up from an upwardly revised 0.9% in March. Chicago led gains at 6.5%, followed by New York City at 3.8% and Cleveland at 3.2%, while Seattle posted the largest decline at 2.3%. The data comes as mortgage rates in April ranged between 5.99% and 6.25%, remaining elevated relative to earlier analyst expectations. Separately, the JOLTS report for May is expected to show 7.3 million job openings, down from 7.6 million in the prior month, continuing a trend of declining openings since early 2024. Consumer confidence for June is forecast to edge up to 94.6 from 93.1, though it remains near 10-year lows excluding the pandemic period.
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