Inflation outpaced U.S. home price appreciation for the ninth consecutive month, according to the S&P Cotality Case-Shiller Index for February 2026. The index reported a 0.7% annual gain in home price appreciation in February, down from 0.8% in January. The Consumer Price Index ran 1.7 percentage points above the 0.7% annual gain.
Over half of all major U.S. metropolitan markets reported year-over-year price declines in February, with Denver posting the weakest market at a 2.2% decrease. Los Angeles and Washington, D.C., joined the list of declining markets, with 0.84% and a 0.13% year-over-year decreases, respectively.
"More than half of major U.S. metropolitan markets posted year-over-year price declines in February, signaling that the housing slowdown has broadened well beyond its Sun Belt origins," Nicholas Godec, head of Fixed Income Tradables & Commodities at S&P Dow Jones Indices said.
Read the full report here.
