Home prices surged 6% YoY in January, fastest since January 2022. However, FHFA House Price Index dropped 0.1% MoM.

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Home prices increased at the fastest clip since 2022 at the start of the year, according to one closely watched home price gauge published Tuesday.

Home prices nationally in January were 6% higher than the same month in 2023, according to S&P CoreLogic Case-Shiller data. Prices in an index measuring changes in 20 of the nation’s large cities increased 6.6%.

Both indexes increased at the quickest annual pace since November 2022.
https://www.msn.com/en-us/money/realestate/home-prices-likely-climbed-in-january-where-they-re-headed/ar-BB1kvPNy

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