S&P/Case-Shiller Home Price Index Surges in February above expectations

According to the latest headline S&P/Case-Shiller Home Price Index released by Standard & Poors (S&P), home prices were up 20.2% YoY in February, above expectations for a 19% gain and up from January’s YoY gain of 19.2%. The headline index showed that house prices gained 2.4% MoM in February, above the expected gain of 1.5% and above January’s 1.7% gain.

According to the House Price Index released by the Federal Housing Finance Agency at the same time, house prices were up 19.4% YoY in February and 2.1% MoM.