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Home price increases continue at slower pace

Posted by Bonnie Martin Designated Broker on Friday, August 1st, 2014 at 6:41am.

moneyhouse_oleg-doroshin_450Home prices continued to rise this spring, but the pace of increase has slowed since late last year.

The S&P/Case-Shiller home price index, a closely watched measure of home values. posted a 9.3% annual increase in its May reading, down from the 10.8% rate in April. The rate of increase was as high as 13.7% in November before slowing every month since.

The good news for homeowners is that the index has now been up every month over the last two years -- after posting drops almost every month over the previous five years.

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Photo:  ©[Oleg Doroshin]/123RF.COM

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