Home prices continued a steady upward trend fueled by inventory shortages and low mortgage rates, according to the S&P/Case-Shiller US National Home Price Index.
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NEW YORK, Feb. 23, 2021 /PRNewswire/ S&P Dow Jones Indices (S&P DJI) today releases the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for December 2020 show that home prices continue to increase across the U.S. More than 27 years of history are available for the data series, and can be accessed in full by going to https://www.spglobal.com/spdji/.
Please note that transaction records for October 2020 and November 2020 for Wayne County, MI, are now available. Due to delays at the local recording office caused by the COVID-19 pandemic, S&P DJI and CoreLogic were previously unable to generate valid October 2020 and November 2020 updates for the Detroit S&P CoreLogic Case-Shiller Indices.
December Home Price Gains Highest Since 2014 Feb 23 2021, 10:13AM
Both the S&P
CoreLogic Case-Shiller and The Federal Housing Finance Agency (FHFA) report
that the country ended the year with
more than a 10 percent annual increase in
home prices. The Case-Shiller U.S. National Home Price Index, which covers all
nine U.S. census divisions, showed a year-over-year gain of 10.4 percent in December
while FHFA put the increase at 11.4 percent.
The Case-Shiller National
index showed significant acceleration in appreciation from the 9.5 percent reflected in its November report for the prior 12
months. The 10-City and 20-City appreciation was also faster than in November