Home price gains continue to slow | Mt Kisco Homes
Home prices rose more slowly in January, extending a trend of moderating gains.
The Standard & Poor's/Case-Shiller 20-city Index rose 13.2% from a year ago, 0.1% less than December's year-over-year change. The pace of annual gains has slowed for three straight months and January's increase was below the 13.4% for all of 2013.
All 20 cities showed higher prices than in January 2013.
But compared with December, prices fell in 12. The decliners were led by Chicago, which was down 1.2%.
"The housing recovery may have taken a breather due to the cold weather," said David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices.
The cities with the five highest monthly gains were all in the Sun Belt. Las Vegas, up 1.1%, was tops among gainers.The other four were Miami, up 0.7%; San Diego, 0.6%; San Francisco, 0.5%; and Tampa, 0.1%.
Among other cities in the 20-city index, New York and Washington D.C. saw their highest year-over-year returns since 2006 — 6.7% and 9.2%, respectively. Dallas and Denver were the only cities attaining new record peaks while Detroit remains the only city with home prices lower than 14 years ago.
http://www.usatoday.com/story/money/business/2014/03/25/case-shiller-home-prices-jan/6859497/
The Standard & Poor's/Case-Shiller 20-city Index rose 13.2% from a year ago, 0.1% less than December's year-over-year change. The pace of annual gains has slowed for three straight months and January's increase was below the 13.4% for all of 2013.
All 20 cities showed higher prices than in January 2013.
But compared with December, prices fell in 12. The decliners were led by Chicago, which was down 1.2%.
"The housing recovery may have taken a breather due to the cold weather," said David Blitzer, chairman of the Index Committee at S&P Dow Jones Indices.
The cities with the five highest monthly gains were all in the Sun Belt. Las Vegas, up 1.1%, was tops among gainers.The other four were Miami, up 0.7%; San Diego, 0.6%; San Francisco, 0.5%; and Tampa, 0.1%.
Among other cities in the 20-city index, New York and Washington D.C. saw their highest year-over-year returns since 2006 — 6.7% and 9.2%, respectively. Dallas and Denver were the only cities attaining new record peaks while Detroit remains the only city with home prices lower than 14 years ago.
http://www.usatoday.com/story/money/business/2014/03/25/case-shiller-home-prices-jan/6859497/
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