By Dees Stribling | MHN Online
Nationwide, home prices closed 2013 up 11.3 percent compared with 2012, according to the latest S&P/Case-Shiller Home Price Indices, which S&P Dow Jones Indices released on Tuesday. That represents a slight improvement over last quarter’s annualized rate of 11.2 percent. But things seem to be slowing down otherwise: during the fourth quarter of 2013, the National Index declined 0.3 percent compared with the third quarter.
In December, Case-Shiller’s 10-city composite index remained relatively unchanged, while the 20-city composite showed its second consecutive monthly decline of 0.1 percent. Year over year, the 10-city and 20-city composites posted gains of 13.6 percent and 13.4 percent, respectively, in December.
