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Case-Shiller Home Price Gains Slow

  • Written by Syndicated Publisher 1 Comment1 Comment Comments
    February 27, 2014

    Standard & Poor’s reported(.pdf) that home price gains slowed in December, however, last year was the best year for U.S. home prices since 2005 as annual gains for the 20-city index came in at 13.5 percent, down slightly from an annual gain of 13.8 percent in November.

    The month-to-month rate of appreciation slowed as the seasonally adjusted 20-city index rose 0.8 percent in December as shown below, the smallest increase in five months. Absent the adjustments, home prices fell 0.1 percent for the second month in a row, a development that is not unusual at this time of the year.

    Las Vegas led all cities last year in price gains with an increase of 25.5 percent, San Francisco home values rose 22.6 percent, and Los Angeles home prices rose 20.6 percent.

    The worst performance in 2013 was turned in by Cleveland with a gain of just 4.5 percent, followed by New York where home prices increased 6.3 percent, and Charlotte where values were 7.8 percent higher.

    Images: via Flickr (licence attribution)

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    As you may have already deduced, this is not your typical financial blog, accompanied by some run-of-the-mill investment newsletter, and I’m not your typical financial writer.

    In fact, I spent my entire working career as an engineer before retiring back in 2007 at the tender young age of 46. Two years prior to that in 2005 I started writing a blog – The Mess That Greenspan Made – mostly just to poke fun at the housing bubble and the policy makers who had led us down that path.

    Details about the investment newsletter and information about the performance of the associated “model portfolio” can be found here and if there are any questions that I can help answer, just send mail to tim@iaconoresearch.com.


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