US home prices rose slightly in February, snapping a seven-month streak of month-over-month declines, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index, released Tuesday.

After seasonal adjustment, the national index posted a month-over-month increase of 0.2%. The national composite index now stands 4.9% below its June 2022 peak. Both the 10-City and 20-City composites posted month-over-month increases of 0.1%.

Prices are still rising on a year-over-year basis, but the amount of that price growth has been getting smaller for the past several months.

Year over year, the national index is only 2% above the February 2022 level, down from a 3.7% year-over-year gain in the previous month. The 10-City composite index had an annual increase of 0.4%, down from 2.5% in January, while the 20-City Composite posted a 0.4% year-over-year gain, down from 2.6% in January.

To continue reading the rest of the article, please click on the source link below:

https://edition.cnn.com/2023/04/25/homes/case-shiller-home-prices-february/index.html