By Jessica Coacci
U.S. home-price growth slowed in February as affordability pressures shaped home buyer decisions.
The S&P Cotality Case-Shiller National Home Price Index, which measures home prices across the country, rose 0.7% in the 12 months through February, compared with a 0.8% increase in January.
"More than half of major U.S. metropolitan markets posted year-over-year price declines in February, signaling that the housing slowdown has broadened well beyond its Sun Belt origins," said Nicholas Godec at S&P Dow Jones Indices.
For the ninth consecutive month, inflation outpaced national home price appreciation, the survey said.
Chicago reported the highest annual gain among the 20 cities with a 5.04% increase in February, followed by New York and Cleveland with annual increases of 4.74% and 4.15%, respectively. Denver posted the lowest return in February, falling 2.18%.
Cotality continues to have transaction delays from the recording office in Wayne County, the most populous county in the Detroit metro area, the survey said.
Write to Jessica Coacci at jessica.coacci@wsj.com
(END) Dow Jones Newswires
04-28-26 0915ET
