S&P CoreLogic Case-Shiller Index Reports 3.9% Annual Gain in US Home Prices in December

On Tuesday, S&P CoreLogic Case-Shiller released its S&P CoreLogic Case-Shiller US National Home Price NSA Index for December. The Index, covering all nine US census divisions, posted an annual gain of 3.9% in December, up from an increase of 3.7% in November.

The 10-City Composite recorded a 5.1% annual increase in December, up from 5% in the previous month, while the 20-City Composite rose 4.5%, compared to 4.3% in the prior month.

New York again led annual gains among the 20 cities, rising 7.2%, followed by Chicago at 6.6% and Boston at 6.3%. Tampa saw the smallest change, with a 1.1% decline.

The pre-seasonally adjusted US National and 20-City Composite Indices continued to reverse their upward trends in December, each declining 0.1%, while the 10-City Composite edged down 0.04%.

After seasonal adjustment, the US National, 20-City, and 10-City Composite Indices all increased 0.5% month-over-month.