HOME PRICES INCREASED SLIGHTLY IN JANUARY

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 4.1% in the year that ended in January, up from 4.0% in December.
  • The 20-City Composite posted a year-over-year increase of 4.7%, up from a 4.5% increase in the previous month.
  • The 10-City Composite saw an annual increase of 5.3%, up from a 5.2% annual increase in the previous month.
  • New York again reported the highest annual gain among the 20 cities with a 7.7% increase in January, followed by Chicago and Boston with annual increases of 7.5% and 6.6%, respectively.
  • Tampa posted the lowest return again, falling 1.5%.
Source