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Home prices at fastest yearly pace in 1996 in February: S&P Case-Shiller

© Getty Images U.S. home prices rose at their fastest annual rate since 1996 as a pandemic-fueled housing market frenzy accelerated, according to private sector data released Tuesday. The S&P CoreLogic Case-Shiller U.S. National Home Price index rose 12 percent year over year in February, marking the fastest increase in 15 years. The index rose 11.9 percent in January. All 20 of the major U.S. metro areas tracked by the index saw home prices rise at least 10 percent in the year since February 2020 except for Chicago and Las Vegas, which saw gains of 8.6 percent and 9.4 percent, respectively. ADVERTISEMENT Phoenix’s annual increase of 17.4 percent led all other cities for the 21st consecutive month, while San Diego (17 percent) and Seattle (15.4 percent) also saw major increases. Home prices rose the highest in the West (13 percent) and Southwest (12.9 percent), reflecting long-running demographic changes.

S&P CoreLogic Case-Shiller Index Reports 12 0% Annual Home Price Gain In February 2021

S&P CoreLogic Case-Shiller Index Reports 12 0% Annual Home Price Gain In February 2021
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Calculated Risk

Calculated Risk
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S&P CoreLogic Case-Shiller Index Reports 11 2% Annual Home Price Gain to Start 2021

S&P CoreLogic Case-Shiller Index Reports 11 2% Annual Home Price Gain to Start 2021
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