FX.co ★ US Home Prices Rise 4.7% in January

In January 2025, the S&P CoreLogic Case-Shiller 20-City Home Price Index in the United States experienced a 4.7% increase compared to the same month the previous year, slightly higher than December's 4.5% but just under the anticipated 4.8% growth. This reflects the fastest pace of home price appreciation since last August, despite expectations of a slowing trend due to elevated mortgage rates and affordability issues, which could potentially dampen buyer interest and overall market activity in the coming months. Notably, New York emerged as the frontrunner with the most significant annual price increase among the 20 cities, recording a 7.7% rise. Chicago and Boston followed, achieving annual gains of 7.5% and 6.6%, respectively. In contrast, Tampa experienced a downturn, with home prices decreasing by 1.5%. On a monthly scale, the 20-city index edged up by 0.1% in January, reversing a pattern of five consecutive months of decline.