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Home Price Gains Prepping for Resurgence?
Tuesday, December 30, 2014
In its report
for October S&P Dow Jones again points to the slowing acceleration of home
prices through much of the U.S., but this time said there are indications that deceleration
may be nearing an end. All three of the
company's Case-Shiller Home Price Indices (HPIs) showed smaller levels of appreciation
from October 2013 to October 2014 than they had shown year-over-year in
September but a substantial subset of metropolitan areas within those indices reported
Composite HPI increased 4.4 percent compared to the previous October where the
annual gain in September had been 4.7 percent.
The 20-City Composite was up 4.5 percent from a year earlier compared to
4.8 percent the prior month. The
Case-Shiller U.S. National HPI which covers the nine census divisions increased
by 4.6 percent, 2 basis points less than the gain in September.
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