Home Prices Climb 6.3 Percent In February Year Over Year

Home prices continued to ascend in February, growing 0.5 percent from January and increasing 6.3 percent from February 2017, according to S&P CoreLogic Case-Shiller Indices.

The 10-City Composite registered an annual increase of 6.5 percent, up from 6.0 percent in January. The 20-City Composite grew 6.8 percent year-over-year, increasing from 6.4 percent the month prior.

Cities registering the highest year-over-year gains in February were Seattle, Las Vegas and San Francisco, which grew 12.7 percent, 11.6 percent and 10.1 percent, respectively.

Year-over-year prices on the National Index have increased continuously for the past 70 months, according to David Blitzer, managing director and chairman of the index committee at S&P Dow Jones Indices.

“With expectations for continued economic growth and further employment gains, the current run of rising prices is likely to continue,” Blitzer said in a statement.

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