Case-Shiller Index Posts Best Y-O-Y Gain Since ‘06

NEW YORK CITY-Home prices in the S&P/Case-Shiller 10-City and 20-City Composites rose this past November by 13.8% and 13.7%, respectively, year over year, S&P Dow Jones Indices said Tuesday. The 20-city composite posted its best 12-month performance since February 2006, with all 20 cities in the index posting seasonally adjusted increases and nine posting non-seasonally adjusted gains.

Although the two indices showed a 0.1% decline from the prior month, a couple of cities—Dallas and Chicago—were standout performers. The Texas city posted its highest annual return, 9.9%, since the indices began, while Chicago’s annual rate of 11% was its best since December 1988. Denver also posted its best-ever return, rising 8.9% Y-O-Y.