Case-Shiller Price Increases Ease Slightly

Posted To: MND NewsWire

Home prices in the U.S. posted a 5.3 percent increase from February 2015 to February 2016 according to the S&P/Case Shiller index covering all nine U.S. census divisions. This was the same as the annual increase posted in January. On a month-over-month basis the national index was up 0.2 percent before seasonal adjustment and 0.4 percent afterward. The 10-City Composite Index showed increases slowing slightly. It was 4.6 percent higher this past February compared to 5.0 percent a year earlier. On a monthly basis it posted an 0.1 percent increase from January on a non-seasonally adjusted basis and 0.6 percent afterward. In January there was no change from the previous month on an unadjusted basis and 0.8 percent when adjusted. The 20-City Composite index showed slightly less change; gaining...(read more)

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