Homes hit another milestone high, according to the S&P/Case-Shiller U.S. National Home Price Index, which reported that home prices rose 5.9% year-over-year in January. This figure eclipsed December’s 5.7% annual gain.
The S&P/Case Shiller 20-City Composite Index, which tracks the nation’s largest cities, gained 5.7% year-over-year in January, up from December’s 5.5% gain.
The S&P CoreLogic Case-Shiller Indices is a monthly report published on the last Tuesday of each month, constructed to accurately track the price path of typical single-family homes located in each metropolitan area provided.