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Sponsored by Quicken Loans |
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Case-Shiller: Annual Appreciation Losing Momentum |
By Suzanne De Vita |
Annual appreciation in February kept slowing, with gains grinding to 4 percent, according to the latest national S&P CoreLogic/Case-Shiller Indices. One month prior, appreciation was north of 4 percent, and in February of last year, 6.3 percent. After hitting a peak in the recovery, appreciation has been losing momentum in recent years, and both new and preowned sales have struggled, says David M. Blitzer, chairman and managing director of the S&P Dow Jones Indices Index Committee. "Homes began their climb in 2012 and accelerated until late 2013, when annual increases reached double digits," Blitzer explains. "Subsequently, increases slowed until now, when the ...
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