Home prices increased 4.2% year-over-year in February, prior to the impacts of COVID-19, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
Home prices increased 4.2% year-over-year in February, prior to the impacts of COVID-19, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
The annual gains are up from 3.9% in January. The 10-City Composite annual increase grew 2.9%, while the 20-City Composite had a 3.5% growth.
Phoenix and Seattle had the highest year-over-year grains, reporting 7.5% and 6.0%, respectively. Tampa and Charlotte tied for third place with annual gains of 5.2% each.
“As much of the U.S. economy was shuttered in March, next month’s data may begin to reflect the impact of these policies on the housing market,” the report states.