The article Home Price Growth Continued to Slow in December, written by Allie Home, explores the release of the S&P CoreLogic Case-Shiller National Home Price Index for the month of December. It details how home price growth remained solid during the month, but was slower than in previous months.
The S&P CoreLogic Case-Shiller National Home Price Index is a measure of how home prices are performing in relation to previous months and years. It helps analysts better understand the housing market and decide how to best invest in the sector. In this instance, the index showed that home prices across the country rose 4.2 percent in comparison to the prior year. However, this rate of growth was slower than the 4.4 percent rate seen in November and the 4.5 percent rate observed in October.
In terms of the geographical influence on the index, the article finds that all of the 20 analyzed metropolitan statistical areas reported year-over-year gains. Phoenix, Arizona led the way with a 7.9 percent rise, followed by Seattle, Washington at 5.9 percent and then San Francisco, California at 5.0 percent. It is also worth noting that Atlanta, Georgia continued to experience notable home price gains, with a 4.4 percent year-over-year rise.
Overall, the report indicates that home prices continue to rise but the rate of growth has slowed compared to previous months. As Phoenix, Seattle and San Francisco reported the highest year-over-year gains, it is evident that certain metropolitan areas continue to outperform others. It will be interesting to see whether the trend of slower annual gains seen in December continues in the months ahead.
You can read this full article at: https://www.housingwire.com/articles/home-price-growth-continued-to-slow-in-december/(subscription required)
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