Home prices in February rose at the fastest clip since November 2022, according to national home price data released Tuesday.
Prices nationwide rose 6.4% over the same month last year, the S&P CoreLogic Case-Shiller Home Price Index showed.
“Following last year’s decline, U.S. home prices are at or near all-time highs,” Brian Luke, head of commodities, real & digital assets at S&P Dow Jones Indices, wrote in a press release.
“Our 10- and 20-City Composite indices are currently at all-time highs.”
A gauge measuring price changes in 20 of the nation’s largest cities increased 7.3%, up from a 6.6% increase in the previous month. Data from Bloomberg showed that analysts had expected this reading to show prices rose by 6.7% over the prior year.
Prices rose 0.6% nationally compared to the prior month, the first monthly increase since last October. On a seasonally adjusted basis, prices rose…
