Home Prices Rose 3.8% YOY in December, Says Case-Shiller
New York, NY, February 25, 2020-Home prices made a 3.8% annual gain in December, up from 3.5% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
The Ten-City Composite annual increase came in at 2.4%, up from 2.0% in the previous month. The 20-City Composite posted a 2.9% year-over-year gain, up from 2.5% in the previous month.
Phoenix, Charlotte and Tampa reported the highest year-over-year gains among the 20 cities. In December, Phoenix led the way with a 6.5% year-over-year price increase, followed by Charlotte with a 5.3% increase and Tampa with a 5.2% increase. Twelve of the 20 cities reported greater price increases in the year ending December 2019 versus the year ending November 2019.
The National Index posted a month-over-month increase of 0.1%, while the Ten-City Composite posted a 0.1% increase and the 20-City Composite did not post any gains before seasonal adjustment in December.