Pace of annual home-price gains slows in latest Case-Shiller; Atlanta sees 10.4% increase 

by John Yellig

The pace of annual home price gains slowed again in most U.S. cities in December, while Seattle and San Francisco saw prices swing to negative territory, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. 

Specifically, the national index rose 5.8% year-over-year, compared to a 7.6% annual gain in November. The index was down 0.8% compared to November. 

“The prospect of stable, or higher, interest rates means that mortgage financing remains a headwind for home prices, while economic weakness, including the possibility of a recession, may also constrain potential buyers,” S&P DJI Managing Director Craig Lazzara noted in a press release. “Given these prospects for a challenging macroeconomic environment, home prices may well continue to weaken.” 

In Atlanta, home prices posted a 10.4% year-over-year gain in December, the third-highest increase of the 20 cities in the survey. Month over month, prices fell 0.7%. 

The 10-city composite index rose 4.4% on a yearly basis and fell 0.4% on a monthly basis, while the 20-city composite rose 4.6% annually and slid 0.5% monthly.  



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