Real Estate

February home prices see biggest gain in 15 years, S&P Case-Shiller says

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A “For Sale” sign outside a house in West Palm Beach, Florida, April 7, 2021.

Marco Bello | Bloomberg | Getty Images

Home price gains continue to outpace expectations, as tight supply and strong demand lead to bidding wars.

Nationally, prices in February rose 12% year over year, up from 11.2% in January, according to the S&P CoreLogic Case-Shiller home price index.

The 10-city composite rose 11.7% annually, up from 10.9% in January. The 20-city composite gained 11.9%, up from 11.1% in the previous month. All the gains were in the double digits, except Chicago and Las Vegas.

“The National Composite’s 12% gain is the highest recorded since February 2006, exactly 15 years ago, and lies…



Source cnbc.com

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