Disconnect Between Home Sales, Prices, and Rates Apr 23 2021, 6:16PM This week's New Home Sales report (for the month of March) stole the show, coming in over 1 million for the first time since 2006. But although sales are up 66% year-over-year, prices have fallen in recent months and are now basically unchanged from last year. What's up with that? Making this all the more puzzling (at first glance, anyway) is the fact that home price appreciation has been breaking records according to some reports. Here's the widely-followed FHFA House Price Index: FHFA's data is for REPEAT sales and refinances. That means it doesn't capture