By Jann Swanson | Mortgage News Daily
No matter how much it is predicted, home price gains are still failing to decelerate. All three of the S&P/Case-Shiller indices were slightly higher on an annual basis in November than they were in October and the Federal Housing Finance Agency’s (FHFA’s) Home Price Index (HPI) recorded a greater year-over-year increase in November 2015 than it did in November 2014.
The S&P/Case Shiller U.S. National Home Price Index, covering all nine U.S. census divisions rose 5.3 percent in November compared to 5.1 percent in October. The Case-Shiller 10-City Composite posted a 5.3 percent increase compared to a 12 month gain of 5.0 percent in October while the 20-City Composite was up 5.8 percent versus 5.5 percent the previous month.