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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 growing gains. 

The 10-City 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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