Status Quo: 5-6% Annual Home Price Gains

Posted To: MND NewsWire

The headline of the S&P CoreLogic Case-Shiller Indices press release for the last three months has been exactly the same: NATIONAL INDEX HITS NEW PEAK AS HOME PRICE GAINS CONTINUE. The actual numbers haven't changed much either. The newest results, released on Tuesday, show the National Index, which covers the nine U.S. Census divisions, up 5.6 percent for the 12 months ended in November. The October to October gain was revised to 5.5 percent from the 5.6 percent originally reported. On a month-over-month basis the National Index rose 0.2 percent on a non-seasonally adjusted basis and 0.8 percent after adjustment. The 10-City Composite increased by 4.5 percent on an annual basis compared to 4.3 percent in October and the 20-City Composite gained 5.3 percent, up from 5.2 percent a month...(read more)

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