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Fewer Cities Bucking Flattening Home Price Trend

Tuesday, March 31, 2015

Home prices flattened on a month-over-month basis in January even as annual prices continued to increase S&P Dow Jones Indices said today.  The Case-Shiller indexes for national as well as selected metropolitan areas changed only minimally from December, partially attributable to usually cold and wet weather according to the S&P monthly report.

The U.S. National Home Price Index declined for the fifth consecutive month, slipping 0.1 percent from December.  Both the 10-City and 20-City Composite indexes were virtually flat with only nine of the cities reporting positive changes.  Charlotte, Miami, and San Diego had the greatest degree of appreciation, each were up 0.7 percent.  They were tailed by Boston and Dallas with 0.4 percent gains.  The largest loss was in San Francisco at -0.9 percent followed by 0.5 percent decreases in Washington, DC and Seattle.

 

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