The index for home prices increased in January at its fastest rate since November 2022 as supply constraints and inflation continue to raise prices, according to data from S&P Global.
The Case-Shiller U.S. National Home Price Index increased 6.0% year-over-year in January, up from 5.6% in December, according to a press release from S&P Global. Growth in home prices has steadily accelerated since May 2023, when it reached a recent low of -0.4% year-over-year after dropping dramatically from 20.7% in March 2022.
