Home prices continued to grow at a slower rate in February: S&P Case-Shiller

National home prices rose 4% in February compared with February 2018, according to the latest reading on the S&P CoreLogic Case-Shiller home price index. That is down from a 4.2% annual gain in January.The 20-City Composite posted a 3.0% year-over-year gain, down from 3.5% in January.National home prices rose 4% in February compared with February 2018, according to the latest reading on the S&P CoreLogic Case-Shiller home price index. That is down from a 4.2% annual gain in January.

Markets still gaining big: Las Vegas, Phoenix and Tampa saw the highest year-over-year gains among the 20 cities. Las Vegas prices were up 9.7%, followed by Phoenix with a 6.7% increase, and Tampa with a 5.4% increase. "Home sales drifted down over the last year except for a one-month pop in February 2019," noted David Blitzer, Managing Director and Chairman of the Index Committee at S&P Dow Jones Indices. "Sales of new homes, housing starts, and residential investment had similar weak trajectories over the last year.

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