Home Prices Soared To Another Record High In February
Annual home price appreciation continued its upward trend in February, accelerating on both an annual and monthly basis.
Prices were up 6.4% YOY, an increase from January’s 6% gain and the fastest annual rate since November 2022, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index.
Month-over-month data showed prices on an upswing for the first time since October 2024. The National Index, 20-City Composite, and the 10-City Composite registered gains of 0.6%, 0.9% and 1.0%, respectively.
Monthly prices were cooling at the end of 2023 into 2024, but increased demand and still-tight inventory have turned that trend around.
Home prices are now “at or near all-time highs,” according to Brian D. Luke, Head of Commodities, Real &…