Regional Home Price Patterns Shifting; December Construction Not So Hot; Rates Hug Lows Post-Powell

Both the Federal Housing Finance Agency (FHFA) and the S&P CoreLogic Case-Shiller housing indices acknowledged further slowing in home price appreciation in December. The Case-Shiller National Home Price NSA Index, covering all nine U.S. census divisions, reported a 4.7% annual gain in December, down from 5.1 percent the previous month. Before seasonal adjustment, the National Index lost 0.1 percent compared to November and was up 0.3 percent after adjustment. The 10-City Composite gain was 3.8 percent for the year, compared to an annual increase of 4.2 percent in November while the 20-City Composite's year-over-year appreciation slowed from 4.6 percent in November to 4.2 percent. Both Composites reported 0.2 percent decreases in December on an unadjusted basis and 0.2 percent increases

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http://www.mortgagenewsdaily.com/reports/newsletter/2019/2/26/3800