While it is clear
that the growth of home prices has started to slow, reports on the results of
the deceleration are diverging. Earlier this week Black Knight reported its Home
Price Index (HPI) was up 0.6 percent in October, today CoreLogic puts the gain
at 1.3 percent.

The CoreLogic
report says its reported October appreciation is a full 1 percentage point
lower than the peak posted for April. The annual rate of increase in the HPI for
the October was 18 percent, identical to the 12-month growth it reported for
September, and the highest recorded
in the 45-year history of the index. Incidentally, in April the annual
increase was 13 percent, showing the rapid run-up of prices over the summer and
early fall.

…(read more)

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