Topics

Land Price
Case-Shiller: Home prices continue to flatten out
Case-Shiller: Home prices continue to flatten out

Another day, another sign that the housing market is leveling off. This time it's the highly regarded Case-Shiller Index, which found that home prices climbed 4.6% nationwide in the 12 months ending in December, down slightly from the previous month and the slowest pace since 2011. Its measure of 20 major cities was up 4.3%, also the slowest rate since 2011. This came despite an improving economy toward the end of 2014 and historically low interest rates. Economists with the survey pointed to fewer people moving and a tight supply of homes on the market for the continuing slowdown. "The housing recovery is faltering," said David Blitzer, chairman of the index committee...

Loading