Park Community Credit Union - Home Prices Continue to Rise

Home prices continued their rise across the country over the last 12 months, according to the latest data from S&P Dow Jones Indices.

In fact, the much-watched S&P CoreLogic Case-Shiller National Index has set a 30-month annual return high.

The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.8% annual gain in December, up from 5.6% last month and setting a 30-month high.

The 10-City Composite posted a 4.9% annual increase, up from 4.4% the previous month. The 20-City Composite reported a year-over-year gain of 5.6%, up from 5.2% in November.

Seattle, Portland, and Denver reported the highest year-over-year gains among the 20 cities over the 11 months leading up to December. Seattle led the way with a 10.8% year-over-year price increase in December, followed by Portland with 10.0%, and Denver with an 8.9% increase.

Twelve cities reported greater price increases in the year ending December 2016 versus the year ending November 2016.

Before seasonal adjustment, the National Index posted a month-over-month gain of 0.2% in December. Both the 10-City Composite and the 20-City Composite indices posted 0.3% increases.

After seasonal adjustment, the National Index recorded a 0.7% month-over-month increase, while the 10-City and 20-City Composites each reported 0.9% month-over-month increases.

Eighteen of 20 cities reported increases in December before seasonal adjustment; after seasonal adjustment, all 20 cities saw prices rise.

More than 27 years of history for these data series is available, and can be accessed in full by going to www.homeprice.spdji.com.

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