Case-Shiller Home Prices Show Strength in November 2012

Written by Steven Hansen The non-seasonally adjusted Case-Shiller home price index (20 cities) for November 2012 (released today) showed the sixth year-over-year gain in housing prices since the end of the housing stimulus in 2010. Non-seasonally adjusted home prices fell 0.1% month-to-month - which is much better than normal between October to November. Home prices increased year-over-year 5.5% (versus 4.3% in October). The market had expected a year-over-year increase between 5.0% and 5.2% (versus the 5.5% reported) Case-Shiller home price index has shown year-over-year price improvement for the last six months. The National Association of Realtors and CoreLogic have reported year-over-year home price gains since April 2012. Note the caveats section at the end of this post.   Read more »