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.