FYI: The November 2014 S&P/Case-Shiller home price data came out yesterday, and below is an updated look at the most recent numbers. For awhile there in 2013 and 2014, we were seeing month-over-month gains in home prices for every city tracked. More recently, there has been a mix of gains and losses from city to city. As shown below, in November, 11 cities saw month-over-month home price increases, while 9 saw declines. Tampa and Miami -- the two Florida cities tracked -- saw the biggest month-over-month gains, while Chicago, Detroit and New York saw the biggest month-over-month declines.
In terms of year-over-year changes, San Francisco and Miami are up the most at 8%+, while Cleveland, Minneapolis and New York are up the least with gains of 1.5% or less.
Regards,
Ted
http://www.bespokeinvest.com/thinkbig/2015/1/28/spcase-shiller-home-price-update.html?printerFriendly=true
