Nationwide home prices in November increased 5.3 percent year-over-year compared with the 5.1 percent gain in October, according to the S&P Case-Shiller U.S. National Home Price Index. The 10- and 20-City Composites showed annual increases of 5.3 percent and 5.8 percent in November. In October, the Composites showed lower gains of 5 percent and 5.5 percent, respectively.
Portland led the country in annual home price increases with an 11.1 percent gain, followed by San Francisco (11 percent) and Denver (10.9 percent).
Month-over-month, the National Index and 10- and 20-City Composites all reported an increase of 0.9 percent in November. In October, the National Index had risen 0.9 percent, and the 10- and 20-City Composites both increased 0.8 percent.
“Home prices continue to recover from the collapse that began before the recession of 2007-2009 and continued until 2012,” said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in the report.
