Mortgage Industry News
« Return to Mortgage Industry News
Home Price Gains More Likely to Slow
Tuesday, July 28, 2015
Home price data from S&P Dow Jones Indices was mixed for May. All three of the Case-Shiller measures, the National Index and the 10-City and 20-City Composites increased from May 2014 but the year-over-year increases were about the same as in April with the National and 10-City increasing marginally and the 20-City posting a slightly smaller gain.
The National Index, which covers all nine census divisions, recorded a 4.4% annual increase in May 2015 versus a 4.3 percent increase in April 2015. The 10-City Composite was up 4.7 percent and the 20 City increased 4.9 percent - differences between the two months in both cases were lost in rounding.
Read Full Article