Zillow Case-Shiller Forecast: Smaller House Price Gains in December YoY

The Case-Shiller house price indexes for November were released yesterday. Zillow forecasts Case-Shiller a month early, and I like to check the Zillow forecasts since they have been pretty close.

From Aaron Terrazas at Zillow: November Case-Shiller Results and December Forecast: San Francisco Falls Out of Top Three Home-Price Gainers

The U.S. National S&P CoreLogic Case-Shiller Home Price Index — which tracks home prices — rose 5.2 percent in November from a year earlier, below Zillow’s forecast last month.

The S&P CoreLogic Case-Shiller 20-city index climbed 4.7 percent annually in November, while the 10-city index rose 4.3 percent.

Zillow forecasts a steady 5.1 percent annual gain for December (results due Feb. 26).

The Zillow forecast is for the year-over-year change for the Case-Shiller National index to be slightly less in December than in November.


from Calculated Risk http://bit.ly/2Shzcyr