Home prices rise in February, with limited supply supporting stability and sustainable growth.

From Yahoo Finance: 2025-04-29 09:34:00

Home prices rose in February, with the S&P CoreLogic Case-Shiller National Home Price Index increasing 0.3% from January. On an annual basis, prices rose 3.9% nationally and 4.5% in the 20 largest US cities. Despite high mortgage rates and affordability challenges, limited supply continues to support prices.

Market volatility persists as mortgage rates remain around 6.8%, with the average 30-year fixed rate at 6.81% according to Freddie Mac. Although buyer demand has cooled, limited housing supply is keeping prices stable. Nicholas Godec of S&P Dow Jones Indices notes a slower, more sustainable pace of price growth.

Despite concerns about affordability and high mortgage rates, home prices have shown resilience in February. The 20-city index rose 0.4% from January, matching expectations. While buyer demand has slowed, limited housing supply is supporting prices across most markets, leading to a sustainable pace of growth.

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