Overview
S&P Dow Jones Indices (S&P DJI) has released the latest data for the S&P CoreLogic Case-Shiller Indices, which is the leading measure of U.S. home prices. The data for February 2023 shows a slight increase in the national composite, but eight out of the 20 major metro markets experienced a decrease in prices.
The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 2.0% annual gain in February, which is down from 3.7% in the previous month. Miami, Tampa, and Atlanta had the highest year-over-year gains among the 20 cities in February.
Craig J. Lazzara, Managing Director at S&P DJI, said that the national home price trends moderated in February 2023. The National Composite rose 0.2% in February and is currently 4.9% below its June 2022 peak.
The 10- and 20-City Composites performed similarly, with February gains of 0.3% and 0.2%, respectively. The results were most…
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