Home Prices Jumped in February. Where the Gains Are Strongest.

Prices nationally increased 6.4% in February from the same month in 2023, according to S&P CoreLogic Case-Shiller data released Tuesday. Prices in an index tracking 20 of the nation’s large metropolitan areas increased 7.3%, beating consensus estimates that called for a 6.6% gain. “Enthusiasm for potential Fed cuts and lower mortgage rates appears to have supported buyer behavior, driving the 10- and 20- City Composites to new highs,” said Brian D. Luke, S&P Dow Jones Indices’ head of commodities, real & digital assets, said in a statement.