U.S. Home Prices Up 0.7% in February, Growth Slows from Previous Month

Home Price Growth Lags Behind Inflation for Nine Consecutive Months

In February 2026, the growth rate of U.S. home prices slowed compared to the previous month.

On April 28 (local time), S&P Dow Jones Indices announced that the U.S. “CoreLogic Case-Shiller Home Price Index” (national basis) rose by 0.7% year-on-year in February. This figure is 0.1 percentage point lower than the 0.8% increase seen in January.

The home price growth rate has remained below the inflation rate for nine consecutive months. Nicholas Godec, Senior Director of Fixed Income and Commodities at S&P Global, analyzed, “Mortgage rates approaching 6% are putting pressure on both home purchasing power and transaction activity,” adding, “As a result, the nominal price growth rate is staying below the inflation rate.”

By region, more than half of the major metropolitan areas surveyed recorded price declines compared to the previous year. However, strong price gains continued in Chicago (5.0%), New York (4.7%), and Cleveland (4.2%).

This content was produced with the assistance of AI translation services.