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Signs of Slowing Despite Record High Home Prices; Rates Bounce Higher; More GSE Drama?

Signs of Slowing Despite Record High Home Prices; Rates Bounce Higher; More GSE Drama?

The S&P CoreLogic Case-Shiller National Home Price Index for April set a record high , on a non-seasonally adjusted (NSA) basis for the fifth consecutive month. Some of the Case-Shiller numbers however, show some deceleration from their record pace. The month-over-month National Index gained 0.9 percent from March on a NSA basis compared to an 0.8 percent increase in March. It was up 0.2 percent after adjustment. The annual index was up 5.5 percent . The year-over-year increase in March was 5.6 percent, and that was revised down from 5.8 percent. The 10-City Composite Index gained 4.9 percent compared to April 2016, down from 5.2 percent the previous month. The 20-City Composite posted a 5.7 percent year-over-year gain, down from 5.9 percent in March. The 10-City index rose 0.8 percent
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