FX.co ★ US Home Price Growth Slows to Weakest Pace Since 2023

The S&P CoreLogic Case-Shiller 20-City Home Price Index rose just 0.9% year-over-year in February 2026, down from 1.2% in January and below the market consensus of 1.1%. This represents the slowest annual increase since July 2023 and underscores the continued cooling of the US housing market. For the ninth consecutive month, inflation outpaced home price gains, extending the run of negative real returns on housing. More than half of the major US metro areas recorded year-over-year price declines in February. Denver (-2.2%) overtook Tampa as the weakest market, while Los Angeles and Washington also moved into negative territory.