US home price rise moderated in 2015 – Wells Fargo

FXStreet (Córdoba) – The latest report of S&P/Case-Shiller showed that all Home price indices rose in October. According to analysts from Wells Fargo, home prices are being supported by tight inventories and moderated its appreciation during 2015.

Key Quotes:

“Home prices rose modestly in October, with both the S&P/Case-Shiller U.S. National Index and the Composite 20-City Index posting gains on the month. Nationally, home prices have risen 5.2 percent over the past year.”

“All three of the S&P/Case-Shiller home price indices strengthened in October. The National Home Price Index jumped 0.9 percent over the month, pushing the year-overyear rate up to 5.2 percent. The 10-City and 20-City Composite indices both increased 0.8 percent over the month.”

“Overall price appreciation moderated in 2015, as home sales posted only incremental gains. Prices are being supported by tight inventories but held back by affordability concerns.”

The latest report of S&P/Case-Shiller showed that all Home price indices rose in October. According to analysts from Wells Fargo, home prices are being supported by tight inventories and moderated its appreciation during 2015.

(Market News Provided by FXstreet)