By Jann Swanson
Posted To: MND NewsWire
Despite increases in 2014 that were twice that of inflation, house prices are “faltering.” The S&P/Case-Shiller composite city indices for December were nearly flat while the National index was slightly negative. Both the 10-City and 20-City Composite indices posted year-over-year increases in December compared to those increases in November. The 10-City had an annual gain of 4.3 percent compared to 4.2 percent in November, the 20-city was up 4.5 percent compared to 4.3 percent the previous month. The National Home Price Index (HPI) had an annual gain of 4.6 percent against 4.7 percent in November. Both Composites reported small month-over-month increases of 0.1 percent. The National Index, which covers the nine U.S. Census districts, lost 0.1 percent compared to November. David M. Blitzer…(read more)
Via:: Clear Regional Patterns as Home Prices Falter
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