November 21, 2024 3:28 pm
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Case-Shiller says home prices can’t offset struggling economy

Screen Shot 2016-01-28 at 10.19.37 AMOnly the consumer portion of the economy is doing well

By Brena Swanson | HousingWire

Although home prices continued to increase, boding well for the economy, it’s still not strong enough to offset some of the trouble spots.

Home prices recorded a 5.3% annual increase in November 2015 versus a 5.1% increase in October 2015, reported the latest S&P/Case-Shiller U.S. National Home Price Index, covering all nine U.S. census divisions.

The 10-City Composite escalated 5.3% in the year to November compared to 5.0% previously, while the 20-City Composite’s year-over-year growth hit 5.8% versus 5.5% reported in October.

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