Home prices in November showed a 5.6 percent annual gain, up from 5.5 percent in October, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
Home prices in November showed a 5.6 percent annual gain, up from 5.5 percent in October, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index.
The 10-City Composite grew 4.5 percent annually in November, up from 4.3 percent in October, and the 20-City Composite reported a year-over-year gain of 5.3 percent, up from 5.1 percent in October.
Seattle, Portland and Denver reported the highest annual gains among the 20 cities studied with gains of 10.4 percent, 10.1 percent and 8.7 percent, respectively.
Home prices gained 0.8 percent month-over-month in November. The 10- and 20-City Composites showed month-over-month gains of 0.9 percent each.
“With the S&P CoreLogic Case-Shiller National Home Price Index rising at about 5.5 percent annual rate over the last two-and-a-half years and having reached a new all-time high recently, one can argue that housing has recovered from the boom-bust cycle that began a dozen years ago,” said David Blitzer, managing director and chairman of the Index Committee at S&P Dow Jones Indices, in a statement.