The S&P CoreLogic
Case-Shiller home price indices and the Federal Housing Finance Agency’s (FHFA’s)
House Price Index (HPI) all show that the growth of home prices continued to accelerate
through January
, even as interest rates began to creep higher. Case-Shiller’s National Home Price Index, which covers
all nine U.S. census divisions, rose 11.2 percent compared to its January 2020
level
. The annual gain in December was 10.4 percent. The 10-City Composite Index
posted an annual increase of 10.9 percent, a full percentage point above its 12-month
gain the previous month. The 20-City Composite, with Detroit’s data now
included in the calculations, was up 11.1 percent compared to January of last
year. Annual appreciation was 10.2 percent in December.

 

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