Home prices still rising nationally, but not as fast

Home prices still rising nationally, but not as fastBy Dees Stribling | MHN Online

S&P Dow Jones Indices reported on Tuesday that the Case-Shiller Home Price Indices, which it publishes, showed that home prices are still going up on an annual basis, though not as much as they have been. The annual increases for the 10-city and 20-city composite indexes (ending in February) were 13.1 percent and 12.9 percent, respectively.

Month-over-month, however, the indexes didn’t move much in February. Thirteen of the 20 cities declined in February. Cleveland experienced the largest decline, dropping 1.6 percent. Chicago and Minneapolis lost 0.9 percent, while Las Vegas experienced a loss of 0.1 percent, marking its first decline in almost two years (but then, it had fallen a lot during the recession).

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