Wall Street Journal Reports Home Prices Rose in February for First Time Since June 2022

April 25, 2023 | Wall Street Journal

Home prices rose in February from the prior month, snapping a seven-month streak of declines, as buyers competed for a limited number of homes for sale.

The S&P CoreLogic Case-Shiller National Home Price Index, which measures home prices across the nation, rose 0.2% in February compared with January on a seasonally adjusted basis.

On a year-over-year basis, the index rose 2% in February, down from a 3.7% annual rate the prior month. The annual increase was the smallest since July 2012.

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