The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 19.2% annual gain for January, 2022, another near record high. Their 10-City Composite annual increase came in at 17.5% and their 20-City Composite posted a 19.1% year-over-year gain.
“Last fall we observed that home prices, although continuing to rise quite sharply, had begun to decelerate. Even that modest deceleration was on pause in January. The 19.2% year-over-year change for January was the fourth-largest reading in 35 years of history.” Said Craig J. Lazzara, Managing Director at S&P DJI.