Sales + Marketing

Home Price Index Reaches 31-Month High

March 29, 2017

The S&P CoreLogic Case-Shiller National Home Price Index increased 5.9 percent year-over-year in January, up from 5.8 percent in December.

Trulia notes that January’s index is a two and a half year high, and the 10th consecutive period of positive seasonally-adjusted monthly gains.

Low inventory is making home prices higher, and buyers, especially first-timers, are facing stiff competition when it comes to finding a house. Mortgage rates are lower than expected due to uncertainty in the financial markets. Denver, Seattle, and Portland, Ore., remain hot markets, while San Francisco actually had prices dip in January.

Read more

Sign-up for Pro Builder Newsletters
Get all of the latest news and updates.