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Will February Prove to be the Last Positive Home Sales Report for Now?

Posted To: MND NewsWire

In what will probably prove to be the last full month of normal home sales for a while , prices of homes accelerated significantly. The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 4.2 percent in February compared to a year earlier. The index, which covers all nine U.S. census divisions, had posted a 3.9 percent annual increase in January. The 10-City and 20-City Composite Indices had similar gains. The former was up 2.9 percent year-over-year compared to 2.6 percent in January while the 20-City’s appreciation was 3.5 percent compared to 3.1 percent. Phoenix again topped the list of 20 cities with an annual gain of 7.5 percent. It was followed by Seattle at 6.0 percent and Tampa and Charlotte, each at 5.2 percent. Seventeen of the 20 cities reported higher price increases…(read more)

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