The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index reported a 18.1% annual gain for December, 2021, which they say is another record high. Their 10-City Composite annual increase came in at 17% and their 20-City Composite posted a 18.6% year-over-year gain.
“We have noted that for the past several months, home prices have been rising at a very high, but decelerating rate. The deceleration paused in December, as year-over-year changes in all three composite indices were slightly ahead of their November levels. December’s 18.8% gain for the National Composite is the fifth-highest reading in history.” Said Craig J. Lazzara, Managing Director at S&P DJI.