The Case-Shiller and FHFA house price indices painted contrasting pictures in December. Annual growth on the Case-Shiller index rose to 6.3%, the highest level since May 2014. But the FHFA reported a drop to 6.5%, the lowest reading in almost a year. Taken together that suggests annual house price growth has now peaked. And, with mortgage interest rates rising and buyers staying away due to the lack of inventory, a continued gradual easing in house price gains can be expected this year.
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