December Home Price Gains Highest Since 2014; Glimmer of Hope in Bonds, But it Might be a Trap

Both the S&P CoreLogic Case-Shiller and The Federal Housing Finance Agency (FHFA) report that the country ended the year with more than a 10 percent annual increase in home prices. The Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, showed a year-over-year gain of 10.4 percent in December while FHFA put the increase at 11.4 percent. The Case-Shiller National index showed significant acceleration in appreciation from the 9.5 percent reflected in its November report for the prior 12 months. The 10-City and 20-City appreciation was also faster than in November at 9.8 percent and 10.1 percent compared to 8.9 percent and 9.2 percent, respectively. Phoenix, Seattle, and San Diego again had the greatest growth among the cities tracked. Phoenix led the
Mortgage Newsletters and Market Analysis

Tags: , , , , , , , , , , ,
Previous Post

Instant Reaction: Second 2020 Q4 GDP Growth Estimates Show Residential Investment Leading the Economic Recovery

Next Post

February Easily The Worst Month For Rates in Long Time

Leave a Reply

Your email address will not be published. Required fields are marked *