Home Price Gains Resumed in November

The recent re-acceleration of home price gains continued in November. The S&P CoreLogic Case-Shiller U.S. National Home Price Index which covers all nine U.S. census divisions, reported a 3.5 percent annual gain for the month, up from 3.2 percent in October. The growth rate of the indices had declined steadily throughout the year. The National Index had closed out 2018 with a 4.6 percent gain. That had dropped to 3.1 percent in August, then began to rise again. The 10-City Composite annual increase came in at 2.0 percent and the 20-City Composite rose 2.6 percent from a year earlier. The annual gains in October were 1.7 percent and 2.2 percent respectively. On a month-over-month basis the National Index increased 0.2 percent on a non-adjusted basis and was 0.5 percent higher after adjustment...(read more)

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