Data released today for December 2014 shows a slight uptick in home prices across the country. Nine cities reported monthly increases in prices.
Both the 10-City and 20-City Composites saw year-over-year increases in December compared to November. Month/month prices increased 0.9%
The 10-City Composite gained 4.3% year-over-year, up from 4.2% in November. The 20-City Composite gained 4.5% year-over-year, compared to a 4.3% increase in November. The S&P/Case-Shiller U.S. National Home Price Index, which covers all nine U.S. census divisions, recorded a 4.6% annual gain in December 2014 versus 4.7% in November.
Miami and Denver led all cities in December with increases of 0.7% and 0.5% respectively. Chicago and Cleveland offset those gains by reporting decreases of -0.9% and -0.5% respectively.