Keeping you up to date on the latest data releases.
In February the S&P/Case-Shiller 10- and 20-city housing price indexes were unchanged for the month, but rose 13.1 percent and 12.9 percent, respectively over the past 12 months. Thirteen of the 20 MSAs experienced price declines over the month. Cleveland led the declines, down 1.6 percent—the sharpest decline since January 2012, while San Diego showed the most improvement, up 1.0 percent. Annual growth rates cooled the most they have been for some time now and Dallas and Denver remain the only cities to reach new post-crisis peaks. Overall price are back to mid-2004 price levels.
The FHFA housing price index rose 0.6 percent in February, representing the third consecutive month of growth and is up 6.9 percent since February 2013. Regionally, all areas showed positive growth on an annual basis while monthly growth rates ranged from a 2.5 percent decline in New England to a 1.7 percent increase in the South Atlantic. Overall, home prices are back to mid-2005 price levels.