HOUSING PRICES CONTINUE TO RISE

Key Points:

  • The S&P CoreLogic Case-Shiller National Home Price Index, which measures average home prices in major metropolitan areas across the nation, rose 3.9% in the year that ended in December, up from 3.7% in November.
  • The 20-City Composite posted a year-over-year increase of 4.5%, up from a 4.4% increase in the previous month.
  • The 10-City Composite saw an annual increase of 5.1%, up from a 5% annual increase in the previous month.
  • New York again reported the highest annual gain among the 20 cities with a 7.2% increase in December, followed by Chicago and Boston with annual increases of 6.6% and 6.3%, respectively.
  • Tampa posted the lowest return again, falling 1.1%.
Source