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Reports at Odds Over Home Price Trends; Rates Hold Weekly Lows

Reports at Odds Over Home Price Trends; Rates Hold Weekly Lows

Both the S&P CoreLogic Case-Shiller indices and the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) were released on Tuesday. The Case-Shiller Indices showed prices generally slowing while FHFA's were more stable. The Case-Shiller National Index, covering all nine U.S. census divisions, was up 3.2 percent on an annual basis in July, the same increase as reported in June. The seasonally adjusted index rose 0.1 percent month-over-month while the unadjusted version increased 0.4 percent. Both of the city-based composite indices showed lower appreciation than in June. The 10-City Composite annual increase came in at 1.6 percent, down from 1.9 percent and the 20-City Composite's gains slipped from 2.2 percent to 2.0 percent. On an unadjusted basis the 10-City Index was unchanged
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