Despite Rise In December, US Home Prices Saw Weakest Full-Year Gain Since 2011

For the fifth straight month, US home prices across its 20 largest cities rose in December (according to the admittedly lagged and smoothed Case-Shiller data released today). The 0.47% MoM rise is down very mopdestly from the upwardly revised +0.53% MoM in November

Source: Bloomberg

However, as S&P Cotality reports, “National home prices grew just 1.3% for the year – the weakest full-year gain since 2011.”

…but, declining mortgage rates suggest the rebound in aggregate prices could be about to explode…

Source: Bloomberg

Is this what President Trump wants to see? Flat prices and lower mortgage rates means more affordability…