25 February 2014
Home prices declined for the second consecutive month in December, dropping 0.1 percent month over month, according to the S&P/Case-Shiller 20-City Composite Index.
“The S&P/Case-Shiller Home Price Index ended its best year since 2005,” says David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices. “However, gains are slowing from
month-to-month and the strongest part of the recovery in home values may be over.”
On an annual basis, home prices were up 13.4 percent year over year.
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