House Price's Losing Some Momemtum

The Case-Shiller Home Price Index reported home price statistics for November this morning. The report indicates that housing prices have lost some momentum two thirds of the way through the final quarter of 2013. For the first time since March, there were several cities that saw prices decline from three months earlier. Dallas and Denver remain the only two cities that are tracked that have surpassed their pre-Great Recession highs. New York City continues to have the weakest rebound from trough prices since the recession.