Posted To: MND NewsWire

While it is only incremental, home price increases appear to have stopped decelerating and are again creeping slowly upward . Both the S&P CoreLogic Case-Shiller Indices and the Federal Housing Finance Agency’s (FHFA’s) Housing Price Index (HPI) for September posted small annual gains when compared to their previous month’s numbers. S&P National Index which covers all nine U.S. census divisions, rose 3.2 percent year-over-year in September compared to a 3.1 percent annual gain the prior month. The month’s change from August was 0.1 percent before seasonal adjustment and 0.4 percent afterward. The 10-City Composite’s annual increase came in at 1.5 percent, identical to the average change in August, but the 20-City Composite was up 2.1 percent compared to 2.0 percent in the previous month…(read more)

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Source: Mortgage News Daily