Steel Markets
April 27, 2020
Case Shiller: Home Prices Strong in February Before Virus Shutdowns
Written by Sandy Williams
Home prices continued to increase in February before the coronavirus shutdowns, gaining 4.2 percent annually, according to the latest S&P CoreLogic Case Shiller U.S. National Home Price NSA Index.
The 20-city composite grew 0.4 points for a 3.5 percent year-over-year gain. Prices were strongest in the West and Southeast and comparatively weaker in the Midwest and Northeast. Phoenix topped the list with a 7.5 percent year-over-year price increase, followed by Seattle with a 6.0 percent increase, and Tampa and Charlotte with 5.2 percent increases. Higher prices were reported in 17 of the 20 cities in the composite.
