The 6.4% nationwide increase is the fastest annual rate since November 2022 as U.S. home prices hit or approach all-time highs, said Brian D. Luke, head of commodities, real and digital assets at S&P Dow Jones Indices.Dallas continued to report one of the smallest annual price increases in the 20 major metros that Case-Shiller tracks. Only Denver and Portland reported smaller jumps.
On a monthly basis, February home prices in D-FW rose slightly, up 0.6% from January. It’s the first month-over-month increase since July 2023, according to historical non-seasonally adjusted price data.Eighteen of the 20 metros tracked by Case-Shiller reported a monthly increase. Tampa reported a decline of 0.3% while Cleveland saw no change.“As with many economic indicators, the road to normalizing housing markets remains windy,” said Selma Happ, chief economist at CoreLogic.