Home prices skyrocketed by nearly 19% last year

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By Anna Bahney, CNN Business

Updated 9:29 AM ET, Tue February 22, 2022

Home prices rose 18.8% in 2021, according to the S&P CoreLogic Case-Shiller US National Home Price Index, the biggest increase in 34 years of data and substantially ahead of 2020’s 10.4% gain.

All regions saw price gains last year, but were strongest in the South and the Southeast, each up over 25%.

Phoenix, Tampa and Miami reported the highest annual gains among the 20 cities in the index in December. Phoenix led the way for the 31st consecutive month with prices in December 32.5% over the year before. It was followed by Tampa with a 29.4% increase, and Miami with a 27.3% increase.


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Article URL : https://www.cnn.com/2022/02/22/homes/us-home-prices-case-shiller-december-2021/index.html