‘Affordabiity Crisis’ Worsens As US Home Prices Soar Near Record High In Feb

Home prices in America’s 20 largest cities rose for the 13th straight month in February (the latest data released by S&P Global Case-Shiller today), up a massive 0.61% MoM (massively more than the 0.1% exp).

That pushed the YoY price up a stunning 7.29% (far otter than the 6.70% exp). That is the fastest price rise since Oct 2022.