Steel Markets
March 29, 2017
Home Prices Gain 5.9% in January
Written by Sandy Williams
Home prices in January gained 5.9 percent annually, according to the latest S&P CoreLogic Case-Shiller National Home Price Index. The January data shows home prices were at a 31-month high and continuing on a positive trend despite tight inventory.
On a year-over-year basis, the 20-city composite was up 5.7 percent compared to 5.5 percent in December. Month-over-month, the 20-city and 10-city composites each increased 0.9 percent on a seasonally adjusted basis.
