The Home Price Index released on March 31, 2020, and showed continued growth in home prices across the country.\r\n\r\nTracking the economy pre-COVID-19 seems like reading history books. The latest report from Case-Shiller proves no different.\r\n\r\nJanuary's data is a composite of 20 major metropolitan areas in the United States. Let's take a look at the report below.\r\nHome Prices climbed in the West and South regions\r\nAmong the data was evidence of a resurgence in home prices out West and in the South.\r\n\r\nSeasonally-adjusted data showed growth in Phoenix at 6.9% year-over-year. Seattle, Tampa, and San Diego each came in after Phoenix at 5.1% increase.\r\n\r\nThe report says home prices were weaker in the Midwest and Northeast. New York came in at 0.8% YoY growth and Chicago's 0.6% growth helped round out the bottom of the 20-metro survey.\r\nJanuary home prices showed promise\r\nCompared to December \u2013 and most of 2019 \u2013 the national index of home prices showed deceleration.\r\n\r\nThat all changed in January 2020. Home prices across the national index in Case-Shiller's report showed great increase when seasonally-adjusted.\r\n\r\nWe can expect those trends to continue through most of February's report, which will be available at the end of April.\r\n\r\nThe United States did not start seeing economic slowdown due to COVID-19 until late February.\r\nHome prices sustained growth in question\r\nOnce the COVID-19 impact on home prices can be properly assessed this summer, it will show January's data kept up the sustained growth in U.S. housing markets.\r\n\r\nHome prices moved slower last year but still established an overall consistency in growth patterns.\r\n\r\nThe current economic shock may have thrown all of that growth out the window, but at the same time it may suggest once the market can find it's footing, a resurgence back to January's values may not be far away.\r\n\r\nYou can read the rest of the National Case-Shiller Home Price Index report here.