Home prices grew 0.4% MoM in February, the slowest pace since July 2024.

• On a year-over-year basis, home prices rose 5.1%, the slowest increase since August 2023. It was the 10th consecutive month that annual growth had slowed.
• Prices have grown between 0.4% and 0.6% MoM in 13 of the past 16 months.
• Eight of the 50 most populous U.S. metros—nearly all in Florida and Texas—recorded a drop in home prices year over year, led by Tampa (-6%).