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S&P Analysts: Accelerating Home Prices Reflect Economic Recovery

Posted To: MND NewsWire

A month after interest rates began to rise, neither the S&P CoreLogic Case-Shiller indices nor that from the Federal Housing Finance Agency (FHFA) found any slowdown in home price appreciation. Both logged double digit annual increases , in all cases higher than those in January. The Case-Shiller National Home Price Index, which covers all nine U.S. census divisions, rose 12.0 percent in February compared to an annual increase of 11.2 percent in January. On a month-over-month basis the National Index was up 1.1 percent before and after seasonal adjustment. The 10-City Composite Index gained 11.7 percent and the 20-City index was 11.9 percent higher than a year earlier. The annual increases in the two composites in January were 10.9 percent and 11.1 percent, respectively. the 10-City and…(read more)

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