Home prices remained stable in October as both The Case-Shiller (CS) National Home Price Index, released by S&P Dow Jones Indices, and The Home Price Index from the Federal Housing Finance Agency showed monthly volatility but, most noticeably, a trend that has been relatively flat over 2014 and 2015, according to Jing Fu of the National Association of Home Builder’s Eye on Housing blog.
The CS National Home Price Index rose at a seasonally adjusted annual rate of 11.0% in October, while The Home Price Index rose at a seasonally adjusted annual rate of 6.0%.
declined at the fastest pace in late 2008 as the housing bust approached its
bottom. From 2009 through 2011 the pace of decline slowed as the housing market
limped along the bottom of the bust. Price declines turned to increases in 2012
and 2013 as the housing recovery gained momentum. The relative stability in the
trend in 2014 and 2015 represents a housing market settling back toward long
term sustainable trend growth rates.