Home price gains slowing

25 February 2014

Home price gains slowing

Inman News

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.

Source: S&P/Case-Shiller Home Price Indices