ECONODAY: Home-price appreciation is solid but did slow going into year end. The December FHFA index rose 0.4 percent, which is at the low end of expectations, while the year-on-year rate slowed 2 tenths to plus 5.7 percent. These results compare with greater strength in Tuesday's Case-Shiller report where, however, the year-on-year also slowed to 5.7 percent. Home prices had been inching up toward 6 percent last year and many homeowners have been counting on greater appreciation for this year. The housing sector is uneven, putting home prices at risk where appreciation, given limited wage gains, is a key source of homeowner wealth...
