Dow extends longest win streak of 2025 as S&P 500, Nasdaq climb after newest tariff aid

Residence costs rose once more in February as restricted provide continued to prop up the market amid excessive mortgage charges and affordability challenges.

The S&P CoreLogic Case-Shiller Nationwide Residence Value Index rose 0.3% over the prior month in February on a seasonally adjusted foundation, easing from the 0.5% month-to-month achieve recorded in January.

On an annual foundation, costs nationally elevated 3.9%, lower than the 4.1% seen in January.

The index monitoring residence costs within the 20 largest US cities rose 0.4% in February from January, matching the month-to-month Bloomberg consensus estimate.

The 20-city index climbed 4.5% in comparison with final February, down from a 4.7% annual enhance within the earlier month.

“Even with mortgage charges remaining within the mid-6% vary and affordability challenges lingering, residence costs have proven notable resilience,” Nicholas Godec, head of mounted revenue at S&P Dow Jones Indices, wrote in a press launch.

“Purchaser demand has definitely cooled in comparison with the frenzied tempo of prior years, however restricted housing provide continues to underpin costs in most markets. Relatively than broad declines, we’re seeing a slower, extra sustainable tempo of value progress.”

Mortgage charges proceed to hover round 6.8% as market volatility persists amid tariff-related information. The typical 30-year mounted price stood at 6.81% by way of final week, in accordance with Freddie Mac, little modified from 6.83% every week earlier.