Home Prices Still Increasing - Just a Little Slower

Posted To: MND NewsWire

The views about the direction of home prices diverged slightly in September, as those reported in the S&P CoreLogic Case Shiller indices slowed for the second month in a row while those from the Federal Housing Finance Agency (FHFA) for both September and the third quarter mostly kept chugging along. The Case-Shiller National Home Price index which covers all nine U.S. census divisions slowed from a 5.7 percent increase in August to 5.5 percent. On a non-seasonally adjusted basis the index gained 0.1 percent and was up 0.4 percent after adjustment. The monthly appreciation in August was reported at 0.2 percent unadjusted and 0.6 percent afterward. The slowing was not as evident in the two city composite indices. The 10-City posted an annual increase of 4.8 percent , down from 5.2% the prior...(read more)

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