Tue, 27 Jan 2015 21:43:04 GMT
US home prices go up in November
US house prices increased at a slower pace even with affordable low mortgage interest rates. The S&P/Case-Shiller home price index added 4.3% since November 2013. Moreover, property prices weakened last year, since home sales decreased, while demand was brought down by relatively soft wage growth and small amount of household formation.