The two sets of price indices released on Tuesday diverged again.  The S&P CoreLogic Case-Shiller Indices continue to show declining appreciation while the Federal Housing Finance Agency's (FHFA's) House Price Index (HPI) indicates that price increases, while lower than at the peak, are still maintaining a strong pace. The Case-Shiller U.S. National Home Price non-seasonally adjusted (NSA) Index which covers all nine U.S. census divisions, increased by 3.5 percent on an annual basis in April compared to year-over-year growth of 3.7 percent in March.  The index posted a gain of 0.9 percent on an unadjusted basis from the previous month and 0.3 percent appreciation after adjustment.

 

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