Steel Markets
March 31, 2020
Case-Shiller Shows Home Price Hike in January, Virus Impact Still to Come
Written by Sandy Williams
The January S&P CoreLogic Case-Shiller Index showed home price growth at 3.9 percent prior to the coronavirus pandemic.
“During the next two months, home price gains will likely continue to outpace inflation for Case-Shiller Index values seen through March,” says Frank Nothaft, chief economist at CoreLogic. “This is likely because most sales that settle during March are based on sales contracts signed in January and February, prior to the pandemic’s effect on the U.S. economy.”
