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Home price appreciation peaked in July with the FHFA House Price Index up 19.3% year-over year and the S&P CoreLogic Case-Shiller 20-City Index up 20.0%.  Both have come off the boil since then, but only slightly. Today brought the most recent update for both reports (through December).  Here are the relevant details:
Monthly Home Price Change
Case Shiller (national) +1.5% (1.2% previously)
FHFA (national)  +1.2% (1.2% previously)
Annual Home Price Change
Case Shiller (20-City) +18.6% (18.3% previously)
Case Shiller (national) +18.8 (18.8% previously)
FHFA (national) +17.6% (17.6% previously)
In other words, prices are showing a relatively relentless determination to maintain an upward trajectory.  As far as December's data is concerned, price growth has merely leveled off as opposed to having turned a ma ....