Case-Shiller Says "Affordability not a Concern"

Posted To: MND NewsWire

It should hardly come as a surprise, each month the report from the S&P CoreLogic Case Shiller home price report starts the same way, "home prices continued their rise across the country over the last 12 months." There is also a note that the National Index has established another all-time high . It is no different for today's report covering the January data. The National Home Price Index, indicating prices across all nine census divisions, came in with a year-over-year gain of 6.2 percent , ticking down from the 12-month increase of 6.3 percent in December. Both before and after seasonal adjustment, the monthly change was 0.5 percent , in December the non-adjusted increase was 0.2 percent and the seasonally adjusted change was 0.7 percent. The 10-City Composite Index posted a 6.0 percent...(read more)

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