St Casimirs Mortgage Minute

Home Price Growth Continues to Rise 

Home price growth in 20 major metro areas rose again in November, with year-over-year growth landing at 5.8 percent, up from October’s gain of 5.5 percent, according to the Standard & Poor’s/Case-Shiller Home Price Index released yesterday. Fourteen cities reported increases in November, with Miami seeing the highest monthly gain. Year-on-year growth was highest in Portland, San Francisco and Denver.

---ABA Daily Newsbytes