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Home Price Gains Continue to Break Records; Rates Hit Recent Highs Before Recovering

Home Price Gains Continue to Break Records; Rates Hit Recent Highs Before Recovering

The S&P CoreLogic Case-Shiller home price indices and the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) all show that the growth of home prices continued to accelerate through January , even as interest rates began to creep higher. Case-Shiller's National Home Price Index, which covers all nine U.S. census divisions, rose 11.2 percent compared to its January 2020 level . The annual gain in December was 10.4 percent. The 10-City Composite Index posted an annual increase of 10.9 percent, a full percentage point above its 12-month gain the previous month. The 20-City Composite, with Detroit's data now included in the calculations, was up 11.1 percent compared to January of last year. Annual appreciation was 10.2 percent in December. Phoenix, Seattle, and San Diego continued
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