All but two U.S. real estate markets are seeing double-digit annual price growth. The S&P CoreLogic Case-Shiller Index shows February saw annual home price growth hit the highest level since 2006. Three of the Top 20 markets even hit an all-time record for home price growth.
U.S. Home Prices Are Growing At The Fastest Rate Since 2006
U.S. home prices are rising at a break-neck speed in the low-rate environment. The National Index increased by 12.0% in February, compared to a year before. This is an acceleration of January’s annual growth, which came in at 11.2%. National numbers saw the biggest annual growth since February 2006. This was exactly 15 years ago, and five months before the infamous peak.
National S&P CoreLogic Case-Shiller Index
The annual percent change of indexed home prices. Source: S&P Dow Jones Indices; CoreLogic; Better Dwelling.
Metro Indexes grew a little slower but were within spitting distance of national growth….