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Report On Home Prices For November, 2014

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Report On Home Prices For November, 2014

Prices of single-family homes in the United States had slowed down to the weakest level in over 2 years in November, 2014 as per the survey made and released on January 24, 2015. This is because the standards of tight lending and lean inventories restricted the activity of housing market.

S&P/Case-Shiller Composite Index showed – 20 urban areas increased to 4.3% in November, 2014 as compared to its previous year. This is, in fact, the slowest from October, 2012 even though matched upto the anticipations of analysts. In October, 2014, it showed an annual increase of 4.5% comparatively.

Growth rate of home prices for 12 months showed Cleveland the weakest of all the 20 cities at 0.6% in November, 2014. Contrarily, Miami & San Francisco lead all the cities showing gains of 8.6% & 8.9% respectively in 12 months.

Seasonally adjusted home prices for 10-City increased to 0.7% in November, 2014 subsequent to the revised percentage gain of 0.6% in October, 2014. In contrast, the non-adjusted 10-City index level showed decline of 0.3% with the drop of 0.2% in October, 2014.

“With the spring home buying season, and spring training, still a month or two away, the housing recovery is barely on first base,” said David Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a statement. “Prospects for a home run in 2015 aren’t good,” he added.

Looking into the broad perspective of housing market nationally, the percentage increased to 4.7% on yearly basis in comparison to that of 4.6% in October, 2014.

Data released for November, 2014 showed that the prices of homes all over the nation continued to decelerate but had shown an increase in prices in 9 cities. Here are the all-new results as released in the data.

 

Report Data Released On The Home Prices

S&P/CASE-SHILLER U.S. NATIONAL HOME PRICE INDEX©

The trend for November, 2013 to November, 2014 for S&P/CASE-SHILLER U.S. NATIONAL HOME PRICE INDEX© had shown the percentage increase of 4.68%. 


Notes:

  • Monthly, Not Seasonally Adjusted,
  • S&P Dow Jones Indices LLC, S&P/Case-Shiller U.S. National Home Price Index© [CSUSHPINSA], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/CSUSHPINSA/, January 27, 2015.

S&P/CASE-SHILLER CA-SAN FRANCISCO HOME PRICE INDEX©

Index Level home prices for CA-SAN FRANCISCO showed a sharp percentage increase of 8.93% from November, 2013 to November, 2014.


Notes:

  • Monthly, Seasonally Adjusted,
  • S&P Dow Jones Indices LLC, S&P/Case-Shiller CA-San Francisco Home Price Index© [SFXRSA], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/SFXRSA/, January 27, 2015.

S&P/CASE-SHILLER CA-SAN DIEGO HOME PRICE INDEX©

S&P/CASE-SHILLER CA-SAN DIEGO HOME PRICE INDEX© had shown a percentage increase of 4.88% from November, 2013 to November, 2014.

Notes:

  • Monthly, Seasonally Adjusted,
  • S&P Dow Jones Indices LLC, S&P/Case-Shiller CA-San Diego Home Price Index© [SDXRSA], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/SDXRSA/, January 27, 2015.

S&P/CASE-SHILLER CA-LOS ANGELES HOME PRICE INDEX©

Checking the trend in between November, 2013 to November, 2014, the percentage showed an increase of 5.16%. 

Notes:

  • Monthly, Seasonally Adjusted,
  • S&P Dow Jones Indices LLC, S&P/Case-Shiller CA-Los Angeles Home Price Index© [LXXRSA], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/LXXRSA/, January 27, 2015.

S&P/CASE-SHILLER 20-CITY COMPOSITE HOME PRICE INDEX©

Comparing the trend of S&P/CASE-SHILLER 20-CITY COMPOSITE HOME PRICE INDEX© for November, 2013 to November, 2014, it showed an increase of 4.33%. 

Notes:

S&P Dow Jones Indices LLC, S&P/Case-Shiller 20-City Composite Home Price Index© [SPCS20RSA], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/SPCS20RSA/, January 27, 2015.

PURCHASE ONLY HOUSE PRICE INDEX FOR THE UNITED STATES

Looking into the trend of purchase-only house indices for November, 2013 to November, 2014, it showed a percentage increase of 5.33%. 

Notes:

The purchase-only index is based on more than 6 million repeat sales transactions on the same single-family properties.