U.S. home prices increased 1.2% on an adjusted basis in January compared with December and were up 11.2% compared with January 2020, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.
It was the largest year-over-year gain since February 2006.
The index’s 10-city and 20-city composites, measuring home price growth in the largest U.S. cities, each posted an increase of 1.2%.
Phoenix, Seattle and San Diego continued to report the highest