House Prices Up 5 Per Cent

House Prices Up 5 Per Cent

The recent release by the FHFA shows that its US House Price Index – Purchase Only, rose by 5.1 per cent on a 12-month seasonally adjusted basis in January 2015. This marks the 36th consecutive month of year-over-year growth. Over this nearly three-year period, house prices have risen by 20.1 per cent.
Elsewhere, on a national basis, single-family house prices appreciated 4.5 per cent year-over-year in January 2015, compared to 4.6 per cent year-over-year in December 2014, according to the latest S&P/Case-Shiller National Home Price Index, released Tuesday.  Late 2013 and early 2014 witnessed several months of of double-digit annual price increases, but price appreciation has now been generally slowing for about a year.

SOURCE: S&P/Case-Schiller, CoreLogic
SOURCE: S&P/Case-Schiller, CoreLogic
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