25 Nov 2014
S&P/Case-Shiller Index suggest broad-based slowdown of US house prices
FXStreet (London) - Data released by the the S&P/Case-Shiller Home Price Index showed that prices continue to decelerate in September.
The 10-City Composite gained 4.8 percent year-over-year, down from 5.5 percent in August. The 20-City Composite gained 4.9 percent year-over-year, compared to 5.6 percent in August.
The National and Composite Indices were both slightly negative in September. Both the 10 and 20-City Composites reported a slight downturn while the National Index posted a -0.1 percent change for the month.
Charlotte and Miami led all cities in September with increases of 0.6 percent. Atlanta and Washington D.C. offset those gains by reporting decreases of 0.3 percent and 0.4 percent.
The 10-City Composite gained 4.8 percent year-over-year, down from 5.5 percent in August. The 20-City Composite gained 4.9 percent year-over-year, compared to 5.6 percent in August.
The National and Composite Indices were both slightly negative in September. Both the 10 and 20-City Composites reported a slight downturn while the National Index posted a -0.1 percent change for the month.
Charlotte and Miami led all cities in September with increases of 0.6 percent. Atlanta and Washington D.C. offset those gains by reporting decreases of 0.3 percent and 0.4 percent.