Case-Shiller: Recovery has Barely Reached First Base

By Jann Swanson

Posted To: MND NewsWire

As has been the case for some months the latest report from S&P/Case Shiller shows a continued slowing of home price increases. November results for both the 10-City and 20-City Composite Indices were lower on a year-over-year basis than in October. The National Home Price Index (HPI) eked out a slightly higher annual increase than reported the previous month. The 10-City index gained 4.2 percent over its November 2013 match compared to an annual increase of 4.4 percent in October. The 20-City Composite was up 4.3 percent compared to October’s growth of 4.5 percent. Nationally the November HPI was 4.7 percent higher than a year earlier compared to 4.6 percent October to October. All 20 cities boasted year-over-year increases with the biggest changes in San Francisco with growth of 8.9 percent…(read more)

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