Inman Connect
Home prices increased in the double digits for the third consecutive month in February, but some economists have begun to wonder: Is it sustainable?
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 12 percent annual gain in February, up from 11.2 percent in the previous month.
Home prices are not only increasing, but they are moving up at a faster rate than previous months.
“More than 30 years of S&P CoreLogic Case-Shiller data help us to put February’s results into historical context,” said Craig Lazzara, S&P DJI managing director and global head of index investment strategy. “The National Composite’s 12 percent gain is the highest recorded since February 2006, exactly 15 years ago, and lies comfortably in the top decile of historical performance. Housing’s strength is reflected across all 20 cities; February’s price gains in every city are above that city’s median level, and ra
Case-Shiller Home Price Index Reports 12% Annual Gain for February
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S&P CoreLogic Case-Shiller Index Reports 12 0% Annual Home Price Gain In February 2021
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