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Case-Shiller Says Home Price Gains Slowing, Still up 5.5%
Wednesday, December 26, 2018
Home prices continued to ratchet down their advances
in October, fewer than half of the tracked cities saw prices increase on an
unadjusted basis. The slowing is also beginning to show up in the annual
readings. The Case-Shiller National Home Price Index which covers all nine U.S.
census divisions, reported a 5.5 percent annual gain in October, unchanged from
the year-over-year reading in September. That index had not been below 6.0
percent for a year until it dropped to 5.7 percent in August. Before seasonal
adjustment the National Index managed a 0.1 percent gain for the month and 05
percent after adjustment.
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