Tuesday, April 28, 2015

Home Prices Rose in February

The 20-City Case-Schiller Composite gained 5.0% year-over-year in February, compared to a 4.5% increase in January. The 10-City Composite gained 4.8% in February, up from 4.3% in January. The National Index reported a 4.2% annual increase for the month, down from the 4.4% increase in January.

On a monthly basis, the 10-City and 20-City Composites both reported increases of 0.5%, the largest gain since July 2014, while the National index gained 0.1%.

Of the sixteen cities reporting month-over-month increases, San Francisco and Denver posted the largest gains with increases of 2.0% and 1.4%. Cleveland posted the largest decline, falling by 1.0%.

Year-over-year, Denver and San Francisco reported the highest gains, increasing by 10.0% and 9.8%. Seventeen cities reported acceleration in year-over-year price increases, while San Diego, Las Vegas and Portland reported that price increases were slowing.

Read the S&P release

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