Case-Schiller: US HOME PRICES Rise In February As Tight Supple Supports Market

Case-Schiller Index Signals Cooling Momentum The S&P Corlogic Case-Schiller US National Home Price NSA Index Also Showed A 3.9% Annual Increase In February, Down from 4.1% in January. The 20-City Composite Gained 4.5% Annuly, While the 10-City Composite Rose 5.2%. Monthly Gains Were More Pronounced: The 20-City Composite Rose 0.7% Before Seasonal Adjustment and 0.4% After, While The 10-City Composite Increased 0.8% NSA and 0.5% SA. The National Index Rose 0.4% NSA and 0.3% SA.

Regional Divergence Highlights Supply Imbalance New York Led All Major Metros with A 7.7%Annual Increase, Followed by Chicago (7.0%) and Cleveland (6.6%). Tampa Was The only City With A Negative Annual Return, Falling 1.5%. On a monthly basis, San Francisco (+1.8%), Seattle (+1.6%), and Los Angeles (+1.5%) Led Gains. Tampa, Miami, and Charlotte Showed Marginal Declines or Stagnation. These Regional Trends Point to A BifurCated Market WHERE SUPPLY SHORTages KEEP PRICES FIRM IN AME METROS WHILE AFFordability Caps Growth in Other.

Affordability Still A Drag, But Supply Keeps Prices Supported Despite Mortgage Rates Holding in the Mid-6% Range and Affordability Remaining A Key Constraint, Limited Inventory Continues to Support Prices. Buyers Remain Cautios, But Selers Are Still Reluctant to Give Up Low Fixed-Rate Mortgages, Keeping Resale Supply Tight. Analysts Note that Much of the Annual Appreciation Occurred Earlier in the 12-Month Window, with Recent Months Showing Flatter Performance.

Market Forecast: Mildly Bullish Near-Term Home Prices Are Likely to Continue Their Slow Upward Trend in the Near Term, Supported by Persenti Supple Constraints and Stable – Albeit Cautios -Demand. While the pace of Appreciation is Decelerating, The Houssing Market Remains Resilient in Most Regions. Traders Should Monitor Mortgage Rate Movements and Regional Supple Data Closely for Directional Cues.