Home Prices Rose 6.3% YOY in February
New York, NY, April 24, 2018-Home prices rose 6.3% annual gain in February, up from 6.1% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
The Ten-City Composite annual increase came in at 6.5%, up from 6.0% in the previous month. The 20-City Composite posted a 6.8% year-over-year gain, up from 6.4% in the previous month.
Seattle, Las Vegas, and San Francisco continue to report the highest year-over-year gains among the 20 cities. In February, Seattle led the way with a 12.7% year-over-year price increase, followed by Las Vegas with an 11.6% increase and San Francisco with a 10.1% increase. Thirteen of the 20 cities reported greater price increases in the year ending February 2018 versus the year ending January 2018.
Before seasonal adjustment, the National Index posted a month-over-month gain of 0.4% in February. The Ten-City and 20-City Composites both reported increases of 0.7%. After seasonal adjustment, the National Index recorded a 0.5% month-over-month increase in February. The 10-City and 20-City Composites both posted 0.8% month-over-month increases. All 20 cities reported increases in February before and after seasonal adjustment.