While the index posted its lowest year-over-year growth since 2012 in March, monthly gains suggest that home prices could heat up again.
Annual U.S. home price growth dropped to the lowest rate since 2012 in March.
Home price growth dipped on an annual basis for the 10th consecutive month in February.
Annual home price growth dropped to 4.4% in February, the lowest since before the COVID-19 pandemic.
The index continued to decline year over year in January, again posting a single-digit gain.
Home price gains kept falling in January 2023, down to 5.5% nationwide.
Home price growth continued to drop on an annual basis in the final month of 2022, with major West Coast cities seeing significant deceleration since the spring peak.
U.S. home prices continued to slow on a year-over-year basis in December 2022, moving down to 6.9%.
Annual U.S. home price growth continued to relax in November for the seventh straight month.
Annual home price growth dipped to the lowest level in two years in November 2022.
U.S. home prices were up by 10.1% year over year in October, about half the annual growth recorded this spring.