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February Home Price Gains were Widespread

Tuesday, April 28, 2015

S&P Dow Jones called February increases as measured by its Case-Shiller Home Price Indices "widespread." The National Home Price Index which covers all nine U.S. Census division was 4.2 percent higher than a year earlier, slightly less than the 4.5 percent annual increase posted in January, but both the 10-City and 20-City Composites posted higher annual gains.

The 10-Ciity Composite was up 4.8 percent compared to February 2014 and the 20-City Composite rose 5.0 percent.  The two indices had posted annual increases of 4.3 percent and 4.5 percent respectively in January.

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