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 6.4% in the year that ended in February, up from 6.0% in January.
- The 20-City Composite posted a year-over-year increase of 7.3%, up from a 6.6% increase in the previous month.
- The 10-City Composite showed an increase of 8.0%, up from a 7.4% increase in the previous month.
- San Diego again reported the highest year-over-year gain among the 20 cities with an 11.4% increase in February, followed by Chicago and Detroit with increases of 8.9%.
- Portland, while still holding the lowest rank after reporting two consecutive months of the smallest year-over-year growth, had a significant annual increase of 2.2% in February.
- The Right Facts will continue to monitor home prices.