Tuesday, March 31, 2015

Home Prices Continued to Rise in January

The 20-City Case-Shiller Composite gained 4.6% year-over-year in January, compared with a 4.3% gain in December. The 10-City Composite gained 4.4% in January, up from 4.3% in December. The National Index recorded a 4.5% gain on an annual basis in January, down from a 4.6% increase in December.

On a monthly basis, the 10-City and 20-City composites were unchanged from the previous month, while the National Index declined 0.1%

Month-over-month, nine cities reported price increases while ten cities posted decreases. Charlotte, Miami and San Diego each gained 0.7% month over month, while San Francisco posted the largest decline with a monthly decrease of 0.9%.

Year-over-year, Denver and Miami posted the highest gains, increasing by 8.4% and 8.3%. Chicago also posted notable gains increasing by 2.5%, up 11 basis points from the previous month. Annually, San Francisco increased by 7.9%, a weaker increase compared to the 9.4% annual growth reported the previous month.

Read the S&P release

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