The MReport Webcast: Wednesday 2/25/2015

Home prices were a mixed bag in December with nine cities showing increases, six cities recording decreases, and five cities showing relatively flat changes. The S&P/Case-Shiller Home Price Indices, released Tuesday, show the national housing index fell 0.1 percent from November to December. However, the 10- and 20-city indices instead rose with a slight increase of 0 point 1 percent month-to-month. Miami led the 20 major cities in month-to-month measures with an increase of 0.7 percent.

All three indices showed growth in December compared to November. Both the 10- and 20-city composites showed slight increases, while the National Index slowed from a 4.7 percent increase in November to 4.6 percent. Twelve cities showed a faster rise in prices over the year in December with San Francisco ranking highest at 9.3 percent and Miami ranking second at 8.4 percent. Among the cities with a faster rise were Cleveland, Denver and Seattle.

The second in a series of hearings to examine the financial health of the Federal Housing Administration will take place this week in Washington, D.C. The Housing and Insurance Subcommittee of the House Committee on Financial Services will hold the second hearing in the series, entitled The Future of Housing in America: Oversight of the Federal Housing Administration, Part 2, on Thursday, February 26, beginning at 10 a.m. Eastern time.