FX.co ★ US Home Price Growth Cools in February: Case-Shiller

The S&P CoreLogic Case-Shiller 20-City Home Price Index experienced a 4.5% year-over-year increase in February, slightly trailing behind January's growth rate and falling short of market expectations of 4.7%. Despite a cooling in buyer demand from the intense activity seen in recent years, the continued constraint in housing supply is sustaining price growth in most areas. Regions that previously enjoyed rapid price increases, especially in the Sun Belt, are undergoing adjustments due to higher financing costs and deteriorating affordability. Among the 20 cities surveyed, New York achieved the highest annual price increase at 7.7%, followed by Chicago at 7.0% and Cleveland at 6.6%. Conversely, Tampa experienced a decline of 1.5%. On a month-to-month comparison, the index rose by 0.7% in February, representing the most significant rise since May 2024.