Is the party officially over?
S&P Dow Jones Indices said today that
the increase in home prices, which has shown diminishing energy for months,
experienced a broad-based slowdown in September. The company’s Case-Shiller Home Price Indices
continued to show gains over the levels of a year earlier, but the size of
those gains continued to contract.
The Case-Shiller National Index rose 4.8
percent from September 2013 to September 2014 while the 10-City Composite
posted a 4.8 percent increase compared to September 2013 and the 20-City was up
4.9 percent. The respective year-over-year
gains for the two Composites in August were 5.5 and 5.6 percent. Charlotte and Dallas were the only cities to
see stronger annual gains in September than in August while Cleveland was