Home prices rose on a seasonally-adjusted monthly basis in the November S&P Case-Shiller (SPCS) data published earlier this week and the December Case-Shiller forecast predicts similar, if slightly slower, monthly appreciation going forward (seasonally adjusted), reports Svenja Gudell of Zillow Research.
In the November data, there were month-over-month rises of 0.9% for all three headline indices.
The national index is expected to gain another 0.7% in December from November. We expect the 10-City Index to grow 5.4% year-over-year, and the 20-City Index to grow 5.9% over the same period. The national Index looks set to end 2015 up 5.3% year-over-year.