Home prices..will they shrink?

After seasonal adjustment, the National Index recorded a month-over-month gain of 0.2% in January. Notably, the 10-City Composite did not post any gains; however, the 20-City Composite posted a 0.1% month-over-month increase.

The 10-City and 20-City composites reported a 3.2% and 3.6% year-over-year increase for the month, respectively. Before seasonal adjustment, five of 20 cities reported increases, while 14 of 20 cities reported increases after the seasonal adjustment.

According to the report, Las Vegas, Phoenix and Minneapolis reported the highest year-over-year gains among all of the 20 cities.