Home Price Increases Continue To Slow

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The S&P/Case-Shiller Home Price Indices are one among many measures of national home prices. However, their indexes are also among the most trusted measures of home values. According to their most recent release, home price increases continue to slow across the country with year-over-year gains falling in both the 10-city and 20-city composite indexes. David Blitzer, managing director and chairman of the index committee at S&P Dow Jones, says the overall trend in home price increases continues to slow down. According to Blitzer, recent housing statistics paint a mixed to slightly positive picture of the market. Single-family housing starts are gaining, sales of existing homes have improved, builder sentiment is on the rise, foreclosures continue to be worked off, and mortgage default levels are at pre-crisis levels, Blitzer says. Combined with an economy that has improved from last year, Blitzer believes the residential real-estate market should be stable to slightly better in 2015. More  here.