Home prices Surging or Fading? Depends Whom You Ask

Posted To: MND NewsWire

The S&P CoreLogic Case-Shiller indices and the Federal Housing Finance Agency's (FHFA's) Housing Price Index paints two different pictures of the housing market in January . The former calls the appreciation in that month "the smallest in four years," while FHFA's index posted a January price surge. Case-Shiller's U.S. National Home Price Index, covering all nine U.S. census divisions, reported a 4.3 percent annual gain in January on a non-seasonally adjusted (NSA) basis. In December the annual increase was 4.6 percent. On a seasonally adjusted (SA) basis prices grew 0.2 percent, but the NSA index lost 0.2 percent compared to December. Case-Shiller's two composite indices show similar deceleration. The 10-City Composite's annual gain dropped from 3.7 percent in December to 3.2 percent while...(read more)

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