Following S&P’s calculation of a 0.1 percent decrease in prices in November, according to the Case-Shiller 20-city composite, analysis on home price data remained positive. “[A]fter accounting for the normal slowdown in the housing market over the winter months, this actually looks like another 0.6 percent [month-over-month] gain,” stated Capital Economics Tuesday.
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Similarly IHS Global Insight’s Stephanie Karol noted both Case-Shiller indices, when seasonally adjusted, posted increases for the 10th consecutive month. These increases “are making a difference,” she said. Read more....
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