Home Prices Increased 6.3 Percent in December

Home prices ended 2017 6.3 percent higher than they started, according to S&P CoreLogic Case-Shiller Indices data.

Home prices have been on the incline for the past 12 months, according to the S&P CoreLogic Case-Shiller National Home Price NSA Index, which covers all nine U.S. census divisions.

December’s 6.3 percent gain was up from November’s 6.1 percent.

The 10-City Composite data in December registered a 6 percent increase (the same as the previous month) while the 20-City Composite posted a 6.3 percent year-over-year gain, a decline from 6.4 percent in November.

Among the 20 cities, Seattle, Las Vegas and San Francisco showed the highest year-over-year gains in December, according to S&P Down Jones Indices. Seattle was the front-runner with a 12.7 percent year-over-year increase, followed by Las Vegas (11.1 percent increase) and San Francisco (9.2 percent increase).

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