Home Prices in December Dip Slightly for 2nd Month

Written by Sandy Williams

The S&P/Case-Shiller Home Price Index for December showed home prices edging down by 0.1 percent for the second consecutive month in the 20-City Composite Home Price Index. Home prices year-over-year, however, rose 11.3 percent.

“The S&P/Case-Shiller Home Price Index ended its best year since 2005,” said 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. Year-over-year values for the two monthly Composites weakened and the quarterly National Index barely improved.”


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