Key Points:
- The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 6.0% in the year that ended in January after rising 5.6% in December.
- The 20-City Composite posted a year-over-year increase of 6.6%, up from a 6.2% increase in the previous month.
- The 10-City Composite showed an increase of 7.4%, up from a 7.0% increase in the previous month.
- San Diego again reported the highest year-over-year gain among the 20 cities with an 11.2% increase in January, followed by Los Angeles, with an increase of 8.6%.
- Portland, though holding the lowest rank after reporting the smallest year-over-year growth, retained an upward trend with a 0.9% increase this month.
- The Right Facts will continue to monitor home prices.