Case Shiller home prices up 6.8% | South Salem Real Estate

The S&P CoreLogic Case-Shiller 20-City Composite Home Price Index in the US rose 6.8 percent year-on-year in February 2018, following a 6.4 percent advance in January and easily beating market expectations of a 6.3 percent gain. It was the steepest increase in house prices since an 8.1 percent climb in June 2014, with Seattle (12.7 percent), Las Vegas (11.6 percent) and San Francisco (10.1 percent) reporting the sharpest gains among the 20 cities. Meanwhile, the national index, covering all nine US census divisions rose 6.3 percent, up from 6.1 percent in the previous month. Case Shiller Home Price Index in the United States averaged 160.67 Index Points from 2000 until 2018, reaching an all time high of 206.67 Index Points in February of 2018 and a record low of 100 Index Points in January of 2000.