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Case-Shiller Index shows home-price appreciation cooling a bit but still pushing higher
The U.S. housing market is cooling a bit, but prices keep pushing higher. S&P CoreLogic’s latest , out this morning, shows annual home-price growth increased in February by 3.9%. That’s down slightly from January’s 4.1%.
Case-Shiller Index shows prices still rising, but more slowly
In addition to the 3.9% overall increase, February also increased annually by other measures. Case-Shiller’s 10-city index was up 5.2% for the year, and the 20-city index rose 4.5%. After seasonal adjustment, all three indices — national, 10-city and 20-city — increased slightly from January to February.
“Even with remaining in the mid-6% range and affordability challenges lingering, home prices have shown notable resilience,” Nicholas Godec of S&P Dow Jones Indices said in a statement. “Buyer demand has certainly cooled compared to the frenzied pace of prior years, but limited housing supply continues to underpin prices in most markets.”
Regional fluctuation continues
Cities scattered across the East, West and Midwest all earned top spots in price growth for February. New York City, a…
