S&P CoreLogic Case-Shiller US National Home Price Index Rises 5.5% Year-Over-Year in December

On Tuesday, S&P Dow Jones Indices released its S&P CoreLogic Case-Shiller US National Home Price NSA Index for December. The Index, which covers all nine census divisions, revealed that 17 of the 20 major metro markets reported month-over-month price decreases.

Year-over-year, the Index climbed 5.5% in December, up from 5.1% in November. The 10-City Composite posted a 7.0% increase, up from a 6.3% increase in November. The 20-City Composite posted a year-over-year increase of 6.1%, up from 5.4% in November.

San Diego saw the highest year-over-year gain among the 20 cities with an 8.8% increase in December, followed by Los Angeles and Detroit, each with an 8.3% increase. Portland posted a 0.3% increase, holding the lowest rank after reporting the smallest year-over-year growth.

The US National Index declined 0.4% month-over-month in December. The 20-City Composite posted a 0.3% decline, and the 10-City Composite posted a 0.2% decline.

After seasonal adjustment, the US National Index, 20-City Composite, and 10-City Composite all posted month-over-month increases of 0.2%.