S&P 500 Outpaces U.S. Home Prices as Mortgage Rates Rise S&P 500 Outpaces U.S. Home Prices as Mortgage Rates Rise By Norman Pearlstine on September 28, 2026 U.S. home price gains lag far behind the S&P 500’s double‑digit rally, while high mortgage rates and seller concessions reshape the rent‑versus‑buy calculus.